'Buy now, pay later' schemes offer a short-term solution for shoppers in a tight spot, but some say they can also lead to credit score damage. As people navigate financial uncertainty brought on by the pandemic, a Klarna initiative is offering education instead of a 'buy buy buy' message.

During lockdown, e-commerce has experienced a boom, with people going online to buy everything from essentials to cars. For some, 'buy now, pay later' loans have offered a short-term lifeline that's easy on the wallet, but there’s a need to educate customers around the risks involved.

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 health crisis caused by COVID-19 is steadily making way for an economic crisis as businesses seek support in restarting operations and individuals face up to job insecurity. Canvas8 spoke to 17 people in the UK and US to find out how their spending habits have been impacted by the pandemic.