Spend and Repeat! Young Adult’s Experiences with Buy Now Pay Later Services
, , , , y | 22 mar 2024
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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.
Figure 1.
Figure 2.
Figure 3.
Figure 4.
Financial literacy training
| Financial literacy training | ||
|---|---|---|
| Yes | Yes | |
| Female1 | ||
| • Count | 49** | 202 |
| • % (n=251) | 20% | 80% |
| Male | ||
| • Count | 27 | 16 |
| • % (n=43) | 63% | 37% |
Socio-economic information of survey respondents
| Variable | Category | Frequency | Percent (%) |
|---|---|---|---|
| Gender | |||
| Male | 43 | 14 | |
| Female | 256 | 83.1 | |
| Nonbinary | 7 | 2.3 | |
| Prefer not to say | 2 | 0.6 | |
| Identity | |||
| Aboriginal | 27 | 8.8 | |
| Torres Strait Islander | 3 | 0.97 | |
| Aboriginal and Torres Strait Islander | 4 | 1.3 | |
| Neither Aboriginal nor Torres Strait Islander | 256 | 83.1 | |
| Prefer not to say | 18 | 5.8 | |
| Employment condition | |||
| Full-time | 103 | 33.4 | |
| Part-time | 92 | 29.9 | |
| Casual | 36 | 11.7 | |
| Not currently employed | 70 | 22.7 | |
| Prefer not to say | 6 | 1.9 | |
| Studying status | |||
| Full-time student | 78 | 25.3 | |
| Part-time student | 71 | 23.1 | |
| Not studying | 156 | 50.6 | |
| Prefer not to say | 3 | 0.97 | |
| Housing | |||
| Living at home with parent | 124 | 40.3 | |
| Renting | 133 | 43.2 | |
| Own home with mortgage | 38 | 12.3 | |
| Other | 8 | 2.6 | |
| Prefer not to say | 5 | 1.6 | |
| Location | |||
| ACT | 6 | 1.9 | |
| NSW | 86 | 28.0 | |
| NT | 2 | 0.64 | |
| QLD | 61 | 19.8 | |
| SA | 34 | 11.0 | |
| TAS | 6 | 1.95 | |
| VIC | 81 | 26.3 | |
| WA | 31 | 10.1 |
j.fprj-2023-0002.tab.004
| Do you think about your long-term financial security? | ||
|---|---|---|
| Yes | Yes | |
| Female | ||
| • Count | 116 | 21 |
| • % (n=137) | 85% | 15% |
| Male | ||
| • Count | 31 | 2 |
| • % (n=33) | 94% | 6% |
j.fprj-2023-0002.tab.003
| Amount of BNPL debt ($) | ||
|---|---|---|
| Mean | Median | |
| Female | $376*** | $150 |
| Male | $192 | $110 |
Attraction of using BNPL
| Attraction of BNPL | |||||||
|---|---|---|---|---|---|---|---|
| Used to spread payments | No interest payments | Way to manage money | Widely accepted | Easier than saving | |||
| Female | count |
184 |
85* |
113 |
66 |
71* |
|
| Male | Count |
28 |
8 |
13 |
12 |
6 |
|
Themes of Long-term Financial Security
| Themes | % of responses (n=112) |
|---|---|
| Wealth, financial security, and a comfortable future | 39% |
| For emergencies and for family | 21% |
| For buying properties (either for living or investment) | 19% |
| Saving, paying debts and other | 13% |
| Stress and worried of debt | 8% |