Language
English (en)
Publication Date
7-1-2025
Summary
Buy-now-pay-later (BNPL) services offer consumers the option of short-term interest-free loans for retail purchases, but the rapid growth of such services has raised concerns about indebtedness and impacts on household financial security. This brief draws upon data from the nationally representative Workforce Economic Inclusion and Mobility survey to examine the use of BNPL offerings, the demographics of users, the use of alternative credit products, and differences in BNPL product use by employment status.
Document Type
Research Brief
Category
Financial Inclusion
Subarea
Income Policy
Original Citation
Chy, S., Zheng, H., Roll, S., & Despard, M. (2025). Buy now, pay later and alternative financial service use among low-wage workers (CSD Research Brief No. 25-28). Washington University, Center for Social Development.
Project
Workforce Economic Inclusion and Mobility (WEIM)
Keywords
Workforce Economic Inclusion and Mobility (WEIM) ; buy now, pay later ; policy ; alternative financial services ;
Recommended Citation
Chy, S., Zheng, H., Roll, S., & Despard, M. (2025). Buy now, pay later and alternative financial service use among low-wage workers (CSD Research Brief No. 25-28). Washington University, Center for Social Development.