Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

New research finds an estimated 12M Brits to buy Christmas now, pay later 

by November 14, 2023
November 14, 2023
New research finds an estimated 12M Brits to buy Christmas now, pay later 

New research has revealed that an estimated 12 million UK consumers will turn to short term credit instalment plans this Christmas to afford presents and other essential items.

The research, which follows a survey of more than 1,000 consumers across the United Kingdom, finds that nearly half (43%) are concerned about making ends meet during the festive season.

Following months of cost of living worries exacerbated by high inflation which has seen over two-thirds (68%) of consumers change their day-to-day financial habits to cut spending, UK households are turning to short term credit options, such as Buy Now, Pay Later (BNPL) to increase payment flexibility and help manage their budgets.

The research by Marqeta, the global modern card issuing platform, shows that 47% of consumers have already used BNPL due to its attractive zero interest rates, with 42% doing so because of the flexibility it provides, and a further 45% stating that it helped them with budgeting.

Access to short term credit is increasingly important to shoppers as financial pressure mounts this Christmas, with 43% of respondents reporting that their spending usually increases during the holiday season compared to months prior. As a result, consumers are looking to spread the cost of the festive period, with 39% reporting that they would be using credit, such as BNPL solutions, to help make ends meet this holiday season.

“We are seeing a fundamental shift in how people approach their finances,” says Todd Pollak, Marqeta CRO. “Short term credit innovation is offering an increasingly feasible lifeline to consumers navigating the Christmas period. With accessible options now readily available, people are keen to have more control over their yearly budget, and the flexibility to buy Christmas now, ensuring they can still make ends meet, and pay later, in months following the holiday season where there is less financial pressure.”

Read more:
New research finds an estimated 12M Brits to buy Christmas now, pay later 

0
FacebookTwitterGoogle +Pinterest
previous post
Mother of wrongfully detained American on death row in China calls on Biden to confront Xi: ‘Say Mark’s name’
next post
Getting Taiwan’s Self-Defense Right, Right Now

You may also like

SSE and TotalEnergies accelerate electric vehicle charging network...

July 16, 2024

Tailoring Your CV for International Opportunities

January 7, 2025

CBI warns Rishi Sunak against ‘doom loop’ of...

October 26, 2022

Farmers’ union calls UK environment targets ‘irrational’ and...

January 29, 2023

National Grid will pay households hundreds of pounds...

October 21, 2022

‘A big moment’: Wales expected to ban single-use...

September 21, 2022

Jeremy Hunt Stresses Continuation of Free Childcare Plan...

March 4, 2024

Labour Ministers Ease Up on Enforcing Three-Day Office...

September 18, 2024

Co-op to give all staff paid leave for...

October 31, 2022

Government launches £50m Fund with Investors to turbocharge...

July 27, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,570)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved