Cash-Strapped Consumers 3.5 Times More Likely to Use BNPL

More than one-third of U.S. consumers are struggling with cash flow shortages, forcing them to make tough choices about how they pay for everyday necessities. Millennials, lower-income consumers, and those living paycheck to paycheck are especially vulnerable.

Those are some key takeaways from the recent PYMNTS Intelligence report “How People Pay: Cash-Short Consumers Drive BNPL Usage.” It’s based on a survey of 2,211 U.S. consumers conducted from Oct. 7 to 24. The survey found that consumers...