In a survey conducted among financial advisors in Australia in 2021, 48 percent of respondents stated that most of their clients who had Buy Now, Pay Later debt were struggling to pay for other living expenses. Just two percent of respondents stated that none of their clients with BNPL debt were struggling with other essential costs.
Share of clients with BNPL debt struggling to pay living expenses according to financial advisors in Australia as of 2021
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Other statistics that may interest you Buy Now, Pay Later (BNPL) in Australia
Overview
4
- Premium Statistic Buy now, pay later (BNPL) share in e-commerce in 41 countries worldwide 2016-2023
- Premium Statistic Most popular in-store, or POS, payment methods in Australia 2017-2022
- Premium Statistic Most offered digital payment methods among businesses Australia 2022
- Premium Statistic Share of online payment methods used Australia 2023, by brand
BNPL usage
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- Premium Statistic Share of adults having used BNPL services Australia 2020-2023
- Premium Statistic Usage of BNPL services Australia 2020-2023, by generation
- Premium Statistic Share of adults who paid a BNPL late fee Australia 2020-2023
- Premium Statistic Usage of BNPL for essential expenses in Australia 2023, by item
BNPL providers
5
- Premium Statistic Market capitalization of BNPL companies listed on the ASX in Australia Sep 2023
- Premium Statistic Usage of buy now pay later services in Australia 2022, by company
- Premium Statistic Quarterly Afterpay penetration, online or offline, in Australia 2020-2023
- Premium Statistic Quarterly Klarna penetration, online or offline, in Australia 2022-2023
- Premium Statistic Merchants who use Zip for buy now, pay later in 17 countries worldwide 2024
Consumer habits
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- Premium Statistic Awareness of buy now pay later services in Australia 2022, by company
- Premium Statistic Share of personal debt in Australia November 2019-2023, by type
- Premium Statistic Average BNPL debt Australia 2021-2023
- Premium Statistic Average value of late fees paid by BNPL users Australia 2020-2023
- Premium Statistic Opinion on cost of living leading to more BNPL usage for essentials in Australia 2023
- Premium Statistic Opinion on regulation of BNPL in Australia 2023
Further Content: You might find this interesting as well
Financial Counselling Australia. (December 1, 2021). Share of clients with BNPL debt struggling to pay living expenses according to financial advisors in Australia as of 2021 [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1289306/australia-share-of-bnpl-users-struggling-to-pay-living-expenses/
Financial Counselling Australia. "Share of clients with BNPL debt struggling to pay living expenses according to financial advisors in Australia as of 2021." Chart. December 1, 2021. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1289306/australia-share-of-bnpl-users-struggling-to-pay-living-expenses/
Financial Counselling Australia. (2021). Share of clients with BNPL debt struggling to pay living expenses according to financial advisors in Australia as of 2021. Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1289306/australia-share-of-bnpl-users-struggling-to-pay-living-expenses/
Financial Counselling Australia. "Share of Clients with Bnpl Debt Struggling to Pay Living Expenses According to Financial Advisors in Australia as of 2021." Statista, Statista Inc., 1 Dec 2021, https://www.statista.com/statistics/1289306/australia-share-of-bnpl-users-struggling-to-pay-living-expenses/
Financial Counselling Australia, Share of clients with BNPL debt struggling to pay living expenses according to financial advisors in Australia as of 2021 Statista, https://www.statista.com/statistics/1289306/australia-share-of-bnpl-users-struggling-to-pay-living-expenses/ (last visited May 13, 2024)
Share of clients with BNPL debt struggling to pay living expenses according to financial advisors in Australia as of 2021 [Graph], Financial Counselling Australia, December 1, 2021. [Online]. Available: https://www.statista.com/statistics/1289306/australia-share-of-bnpl-users-struggling-to-pay-living-expenses/