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?

The Zilch credit card is helping young shoppers gain more experience in financial credit payments. While many Gen Yers and Zers are turning to 'buy now, pay later' schemes to help fund their shopping habits, there are calls for financial brands to help young customers stay financially responsible.

Monzo has introduced ‘Monzo Flex’ which allows customers to have a credit limit of up to £3,000 and allows payments to be made in installments. While this service provides financial flexibility, it's also facing review for its risk of putting people into debt.

Gen Zers are often described as the eco-conscious generation, but despite growing pushback against fast fashion brands, ecommerce giant, Asos, has remained resilient over the last year, bringing affordable fashion to a large proportion of young consumers.