Gen Z's spending habits are shifting as they grapple with inflation and rising credit card debt. While Buy Now Pay Later (BNPL) services have gained traction, many from this demographic prioritize avoiding debt in their financial decisions. A survey revealed that 18- to 25-year-olds show less enthusiasm for BNPL options than previously thought. Personal stories, like Zachary Timms' cautious use of Affirm for an engagement ring, illustrate this trend, highlighting a desire for financial responsibility and planning for future milestones rather than impulsive spending.
I try to buy everything out of pocket if I can. I want to avoid piling up debt and set myself up for future milestones like buying a home.
Gen Z aren't as enamored with services like BNPL as many might expect, even as companies expand their offerings on sites like Target and Sephora.
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