<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Our study investigates the usage of Buy Now Pay Later (BNPL) of young Australian adults (aged 18-25, n=308). We found females used BNPL instead of saving. Females exhibited a higher BNPL debt, but were less concerned about that debt compared with males. Self-reported financial literacy training was lower for females compared with males. Negative financial behaviours of both females and males, e.g. binge spending, were inconsistent with their long-term financial goals. We recommend that the relevance and effectiveness of financial literacy training for young adults addresses gender-specific BNPL behaviours and includes education on the psychology of overspending.</p>
</abstract>

Our study investigates the usage of Buy Now Pay Later (BNPL) of young Australian adults (aged 18-25, n=308). We found females used BNPL instead of saving. Females exhibited a higher BNPL debt, but were less concerned about that debt compared with males. Self-reported financial literacy training was lower for females compared with males. Negative financial behaviours of both females and males, e.g. binge spending, were inconsistent with their long-term financial goals. We recommend that the relevance and effectiveness of financial literacy training for young adults addresses gender-specific BNPL behaviours and includes education on the psychology of overspending.

Spend and Repeat! Young Adult’s Experiences with Buy Now Pay Later Services

Financial Planning Research Journal

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Spend and Repeat! Young Adult\u2019s Experiences with Buy Now Pay Later Services"}

Our study investigates the usage of Buy Now Pay Later (BNPL) of young Australian adults (aged 18-25, n=308). We found females used BNPL instead of saving....

Spend and Repeat! Young Adult’s Experiences with Buy Now Pay Later Services

Publicado en línea: 22 mar 2024

Páginas: 1 - 19

DOI: https://doi.org/10.2478/fprj-2023-0002

© 2023 Levon Blue et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.