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BNPL users ‘financially fragile,’ NY Fed says

September 26, 2023

As BNPL has soared in popularity, more research and polling is being conducted to understand who’s using it and how. To dig deeper into the background and circumstances of people who both receive and use BNPL offers, New York Fed researchers reviewed data collected as part of the Survey of Consumer Expectations in June.

As part of that June survey by the researchers, about 1,000 consumers also responded to a separate set of questions related to BNPL.

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