A new survey by PYMNTS reveals that 38% of consumers plan to use ‘pay later’ options for self-gifting this holiday season. Other findings:
- 49% of parents and 52% of Millennials rely on ‘pay later’ plans to reduce guilt on splurge purchases
- 62% of consumers want to know if ‘pay later’ options are available before making purchases
- Clothing and accessories account for 60% of ‘pay later’ holiday gift purchases