Mental health researchers have identified a link between poor mental health and the use of buy now, pay later loans.
Adults in the U.S. who reported symptoms of depression, anxiety or post-traumatic stress disorder acknowledged heavy use of BNPL over the previous year, according to a Johns Hopkins University study published online Friday. The nonprofit health policy group the de Beaumont Foundation assisted in the study.
People with all three of those mental health challenges were more likely to use pay later services when compared to those who don’t report any symptoms, the research showed.