Figure 1.
Possible influences impacting the financial decision-making of young people using BNPL services (Blue, 2016a)
Figure 2.
Proportion (%) who did not consider or did not know if BNPL is a debt
Figure 3.
Engaged in positive financial behaviours
Figure 4.
Self-rated level of financial competency
Table 1.
Socio-economic information of survey respondents
| Variable | Category | Frequency | Percent (%) |
|---|---|---|---|
| Gender | |||
| Male | 43 | 14 | |
| Female | 256 | 83.1 | |
| Nonbinary | 7 | 2.3 | |
| Prefer not to say | 2 | 0.6 | |
| Identity | |||
| Aboriginal | 27 | 8.8 | |
| Torres Strait Islander | 3 | 0.97 | |
| Aboriginal and Torres Strait Islander | 4 | 1.3 | |
| Neither Aboriginal nor Torres Strait Islander | 256 | 83.1 | |
| Prefer not to say | 18 | 5.8 | |
| Employment condition | |||
| Full-time | 103 | 33.4 | |
| Part-time | 92 | 29.9 | |
| Casual | 36 | 11.7 | |
| Not currently employed | 70 | 22.7 | |
| Prefer not to say | 6 | 1.9 | |
| Studying status | |||
| Full-time student | 78 | 25.3 | |
| Part-time student | 71 | 23.1 | |
| Not studying | 156 | 50.6 | |
| Prefer not to say | 3 | 0.97 | |
| Housing | |||
| Living at home with parent | 124 | 40.3 | |
| Renting | 133 | 43.2 | |
| Own home with mortgage | 38 | 12.3 | |
| Other | 8 | 2.6 | |
| Prefer not to say | 5 | 1.6 | |
| Location | |||
| ACT | 6 | 1.9 | |
| NSW | 86 | 28.0 | |
| NT | 2 | 0.64 | |
| QLD | 61 | 19.8 | |
| SA | 34 | 11.0 | |
| TAS | 6 | 1.95 | |
| VIC | 81 | 26.3 | |
| WA | 31 | 10.1 |
Table 2.
Attraction of using BNPL
| Attraction of BNPL | |||||||
|---|---|---|---|---|---|---|---|
| Used to spread payments | No interest payments | Way to manage money | Widely accepted | Easier than saving | |||
| Agreed with statement | Female | count % (n=256) | 184 72% | 85* 33% | 113 44% | 66 26% | 71* 28% |
| Male | Count % (n=43) | 28 65% | 8 19% | 13 30% | 12 28% | 6 14% | |
Table 4.
| Do you think about your long-term financial security? | ||
|---|---|---|
| Yes | Yes | |
| Female | ||
| • Count | 116 | 21 |
| • % (n=137) | 85% | 15% |
| Male | ||
| • Count | 31 | 2 |
| • % (n=33) | 94% | 6% |