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BNPL Makes Inroads With Luxury Brands as High Earners Pay Over Time
- Buy now, pay later (BNPL) options are appealing to high-income households.
- Approximately one-third of higher-income consumers have used BNPL services.
- Clothing and accessories are popular product categories for BNPL users.
- Luxury retailers are partnering with BNPL providers to make high-end goods more affordable.
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