Question of the Day: What percent of consumers using "buy now, pay later" have been late with their payments? - Blog
Using "buy now, pay later" and splitting your payments into smaller amounts across a few months must make it easier to pay, right? Answer: 42% Questions: Have you seen the "buy now, pay later" options when you buy items online? If yes, have you ever used it? Why or why not? What are the pros/cons of using this payment option? Why do you think so many consumers have struggled to make on-time payments with "buy now, pay later?" Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Acorns): The share of American adults who’ve used buy-now, pay-later services in 2022 has increased to 43% — a 12 point jump from 2021, according to LendingTree.