NEW YORKâOn Wednesday, February 14, 2024 at 10:00 AM, the Federal Reserve Bank of New York will release a Liberty Street Economics blog post, titled “How and Why Do Consumers Use ‘Buy Now, Pay Later (BNPL)?’”. The post is part of the recurring Economic Inequality research series that highlights differences in economic outcomes and policy impacts by race, gender, age, geography, income, education, and other factors.
This builds on previous research which examined whether households had ever used BNPL and revealed that financially fragile households are disproportionately likely to use BNPL payment plans. The forthcoming post examines BNPL’s place in consumers’ household finances, focusing on the intensity of BNPL use and how use varies by a household’s level of financial fragility. The blog leverages data collected in the latest Survey of Consumer Expectations Credit Access Survey to explore what drives differences in BNPL use and considers the implications for future use.
Press Call on the BNPL Blog:
A deep background press call will take place on Wednesday, February 14 at 9:30 AM to provide further context on the blog. Journalists interested in participating should RSVP to Mariah Measey at Mariah.Measey@ny.frb.org.
