According to a 2023 survey on buy now pay later (BNPL) services, the share of BNPL users from Gen Z and Gen Y was the highest out of the four generations. In July 2022, 70 percent of Gen Z respondents and 69 percent of Gen Y respondents stated to have used BNPL in the past six months. The usage of BNPL plans among the Baby Boomer generation was well below the other generations, but peaked in April 2023, when 15 percent of respondents of that generation indicated to have used BNPL services.
Usage of buy now pay later (BNPL) services in the last 6 months in Australia from January 2020 to April 2023, by generation
Characteristic
Gen Z
Gen Y
Gen X
Baby Boomers
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finder.com. (June 15, 2023). Usage of buy now pay later (BNPL) services in the last 6 months in Australia from January 2020 to April 2023, by generation [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/1414900/australia-usage-of-bnpl-services-by-generation/
finder.com. "Usage of buy now pay later (BNPL) services in the last 6 months in Australia from January 2020 to April 2023, by generation." Chart. June 15, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/1414900/australia-usage-of-bnpl-services-by-generation/
finder.com. (2023). Usage of buy now pay later (BNPL) services in the last 6 months in Australia from January 2020 to April 2023, by generation. Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/1414900/australia-usage-of-bnpl-services-by-generation/
finder.com. "Usage of Buy Now Pay Later (Bnpl) Services in The Last 6 Months in Australia from January 2020 to April 2023, by Generation." Statista, Statista Inc., 15 Jun 2023, https://www.statista.com/statistics/1414900/australia-usage-of-bnpl-services-by-generation/
finder.com, Usage of buy now pay later (BNPL) services in the last 6 months in Australia from January 2020 to April 2023, by generation Statista, https://www.statista.com/statistics/1414900/australia-usage-of-bnpl-services-by-generation/ (last visited June 18, 2024)
Usage of buy now pay later (BNPL) services in the last 6 months in Australia from January 2020 to April 2023, by generation [Graph], finder.com, June 15, 2023. [Online]. Available: https://www.statista.com/statistics/1414900/australia-usage-of-bnpl-services-by-generation/