Government report
Consumer Financial Protection Bureau
Consumer Use of Buy Now, Pay Later: Insights from the CFPB Making Ends Meet Survey
Cited in 2 Likelier entries (2 risks, 0 decisions).
Used in 2 entries
For each citing entry, the verbatim excerpt and Likelier's calculation notes (how the source's number was converted to the lifetime-probability framing) are shown below. Click through to read the full claim ledger.
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- Statistic
BNPL borrowers are, on average, much more likely to be highly indebted, revolve credit-card balances, have delinquencies in traditional credit products, and use payday/pawn/overdraft than non-BNPL borrowers.
“BNPL borrowers were, on average, much more likely to be highly indebted, revolve on their credit cards, have delinquencies in traditional credit products, and use high-interest financial services such as payday, pawn, and overdraft compared to non-BNPL borrowers.”
Calculation notes
Authoritative basis for the caveat that the BNPL-user subgroup is already financially stretched, so a missed BNPL payment co-occurs with broader debt stress rather than being an isolated lapse. Supports the heterogeneity paragraph.
Source date: 2023-03-02 · Accessed: 2026-06-13
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- Statistic
BNPL borrowers more likely than non-borrowers to be highly indebted, revolve on credit cards, have delinquencies in traditional credit, and use payday/pawn/overdraft services
“"BNPL borrowers were, on average, much more likely to be highly indebted, revolve on their credit cards, have delinquencies in traditional credit products, and use high-interest financial services such as payday, pawn, and overdraft compared to non-BNPL borrowers."”
Calculation notes
Authoritative government source for the BNPL over-indebtedness caveat. CFPB analysis of the Making Ends Meet survey. The report explicitly cautions that many of these differences may pre-date BNPL use, so it documents an association with financial distress, not a causal compulsive-buying-disorder rate. Used to support the caveat only; not incorporated into the headline prevalence or any multiplier.
Source date: 2023-03-02 · Accessed: 2026-06-14
