Young People Often Pay Bills Later
A new study shows many young people (18-27) sometimes pay for purchases after they've been made. They treat these payments like using a debit card. The Nibud warns this can cause financial problems.
The study found that nearly half of young people use ‘buy now, pay later’ services. These services are often not seen as loans. The National Institute for Budgetary Policy (Nibud) believes this is a problem. They say debt is becoming common for young people. This practice could lead to financial difficulties for this generation.
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Highlights
Half of Young People Pay Later
Nearly half of young people (18-27) sometimes pay for purchases after they are made.
‘Buy Now, Pay Later’ Not Seen as Debt
Young people using ‘Buy Now, Pay Later’ services do not view them as loans.
Nibud Warns of Financial Risks
The National Institute for Budgetary Policy (Nibud) warns of financial difficulties.
Debt is Becoming Normalised
Nibud warns that debt has become normalized for this generation.
Similar to Debit Card Usage
Young people see this payment method as like using a debit card.