LendingTree surveys found that 29% of buy-now-pay-later users had used the service for groceries, up from 14% two years earlier, not 29% of all Americans. Overall BNPL usage is around 16% of adults according to Federal Reserve data.
Auto loan defaults reached about 2.33 million in 2024, exceeding Great Recession peaks, but actual vehicle repossessions were approximately 1.73 million according to Cox Automotive, the highest since 2009 but not 2.3 million.
