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1 Splitting the Bill: How BNPL is Changing Young Consumer Spending 27:13
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Splitting the Bill: How BNPL is Changing Young Consumer Spending Hosts: Jack McFarlane & Nick Schlemmer Summary In this episode of The Play by Play , Jack McFarlane and Nick Schlemmer iscuss the growing trend of Buy Now Pay Later (BNPL) services, particularly among Gen Z consumers. They explore how BNPL works, its popularity, personal experiences, and the associated risks, including loan stacking and phantom debt. The conversation emphasizes the importance of financial literacy and the need for businesses to educate their employees about these financial tools. The episode concludes with a cautionary note about the potential pitfalls of BNPL services. Listen in! Chapters 0:00 Welcome & Exploring BNPL 04:59 Gen Z's Adoption of BNPL Services 07:45 Personal Experiences with BNPL 10:35 Risks and Downsides of BNPL 16:31 BNPL Usage Across Incomes Levels 19:45 The Impact of Life Events on Financial Decisions 21:50 Educating the Workforce on Financial Tools 23:52 Cautionary Insights on BNPL Services Thank you for your continued support of the show and subscribe wherever you get your podcasts! The HR Happy Hour Network is sponsored by Workhuman. Workplace recognition is more than feel-good moments. It’s a powerful source of people data that transforms cultures and businesses. Workhuman unlocks that power with Human Intelligence — AI trained on millions of coworker “thank-yous” to uncover the hidden patterns shaping your culture. Who's actually driving projects forward? Where are the skills gaps? Which teams are thriving—and which need support? Say goodbye to the guesswork. And leverage the collective wisdom of your people for insights you can act on. And here's the best part: Workhuman guarantees measurable results. Real culture improvements that drive real business outcomes. Visit workhuman.com to turn your recognition data into a competitive advantage. Workhuman, a proud supporter of the HR Happy Hour Network!…