Struggling consumers half as likely
Posted: Sat Jan 25, 2025 9:16 am
Top . Earners use the option the most, at of those earnings more than , annually. . That percentage decreases to for those earning between , to , for consumers earning . Less than ,, there’s a dip in the use of autopay to . Interestingly, baby . Boomers use the option the most, at ; generation z uses it the least, at .
to use autopay than their financially chile whatsapp fan stable peers — . And the tally is also significantly lower than the overall of consumers who use . Automatic, recurring payments. Only of consumers in this segment use autopay to pay most . Of their bills. Pymnts intelligence has found that the most cited reason consumers give for .
Living paycheck-to-paycheck is insufficient income to cover bills, at . Other significant factors include high . Debt burdens, at . Setting up automatic payments might mean that bills go unpaid if . Cash flow does not hit at the critical time needed to cover expenses. And it’s . Important to note that autopay is used for discretionary expenses like streaming services () but .
to use autopay than their financially chile whatsapp fan stable peers — . And the tally is also significantly lower than the overall of consumers who use . Automatic, recurring payments. Only of consumers in this segment use autopay to pay most . Of their bills. Pymnts intelligence has found that the most cited reason consumers give for .
Living paycheck-to-paycheck is insufficient income to cover bills, at . Other significant factors include high . Debt burdens, at . Setting up automatic payments might mean that bills go unpaid if . Cash flow does not hit at the critical time needed to cover expenses. And it’s . Important to note that autopay is used for discretionary expenses like streaming services () but .