23 Mar 2020
How is ‘buy now, pay later’ impacting Gen Zers’ debt?

Gen Yers and Zers are turning to payment services like Klarna, Afterpay, and Laybuy to help their wallets keep up with their shopping habits. But due to a lack of education regarding financial responsibility, how are these ‘buy now, pay later’ services impacting their financial futures?

Rebecca O’Connor is a personal finance specialist at Royal London, the UK’s largest mutual insurer. As well as working with Royal London, in 2015, O’Connor founded Good With Money, an ethical personal finance blog.

Rachel Duffey is the CEO of PayPlan, a company that provides free debt advice and debt-management plans to help those struggling with their finances. Since it was founded in 1992, the firm has worked with over a million customers.

Sarah Drumm is a freelance journalist covering small businesses, start-ups, and new consumer brands. She is a contributor to Canvas8 and published a report on the popularity of direct-to-consumer brand communities for Thingtesting.