U.S. Census Bureau QuickFacts statistics for King of Prussia CDP, Pennsylvania. QuickFacts data are derived from: Population Estimates, American Community Survey, Census of Population and Housing, Current Population Survey, Small Area Health Insurance Estimates, Small Area Income and Poverty Estimates, State and County Housing Unit Estimates, County Business Patterns, Nonemployer Statistics, Economic Census, Survey of Business Owners, Building Permits.

Comprehensive population and demographic data for Kop Village

BNPL use in the United States declined among all age groups in 2023 for the third successive year. A recurring survey reveals the overall share of respondents who used buy now, pay later decreased by 15 percentage points between June 2022 and July 2023. The decline was highest among younger generations. Over 61 percent of respondents ages 18 to 24 said in 2022 they had used a BNPL service - a figure significantly higher than the almost 38 percent recorded in a previous survey in 2020. By 2023, this penetration rate reached 42 percent. The trends observed here are in contrast with U.S. e-commerce vendors who were planning to add BNPL to their website's payment options in 2022.

What caused the decline in BNPL use?

The source does not explain why figures declined between surveys. Cost of living did change online shopping payment behavior in the United States. Credit cards, BNPL, and crypto were all used more often, but neither saw the biggest growth: 51 percent of respondents who changed their payment habits because of the rising cost of living in 2022 are paying online with debit cards more often than they did in the previous year. BNPL was not a popular choice for everyday shopping. Groceries ranked among the least likely product types for which U.S. consumers would use BNPL. The worsening of economic conditions may well prevent the growth of BNPL in 2023 instead of it being a contributing factor.

An industry under pressure

BNPL companies face a challenging environment in 2023. Klarna's valuation dropped by 85 percent amidst staff cuts and investor observations the Swedish BNPL provider was not profitable enough. Macroeconomic developments seem to impact the young industry significantly, especially as it is still finding a profit model. Increasing interest rates, especially, puts pressure on these providers. Consequently, Klarna is using generative A.I. as an additional revenue stream. The company is one of 13 that uses a ChatGPT plugin. Artificial intelligence technology helps consumers find curated products based on their search behavior and preferences.

Comprehensive population and demographic data for Kop (Gotgudi) Village

American adults with low or middle income were more likely to use BNPL than adults with higher incomes. This is according to an annual household survey in the United States, that asked about how and why consumers would be using the alternative payment option. ***** percent of respondents who had an income of 100,000 U.S. dollars or more used buy now, pay later. This was noticeably different from all other income levels, where ** percent of respondents said they used BNPL. The source observed major difference between races, with Black and Hispanic users being significantly more common than White or Asian users.

This statistic illustrates the share of Americans who shopped at Best Buy in the last 12 months as of 2021, by age. In that year, 23 percent of respondents aged 18 to 29 years stated that they shopped in person at Best Buy in the last 12 months.

Statistics on both Help to Buy (Equity Loan Scheme) and Newbuy. Source agency: Communities and Local Government Designation: Official Statistics not designated as National Statistics Language: English Alternative title: Help to Buy (Equity Loan Scheme) and Newbuy statistics

Correlation table for examined variables.

Buy now, pay later (BNPL) was used in equal measure when purchasing cryptocurrency across all age groups in 2024. This is according to a survey conducted in 14 countries across North America, Europe, and Latin America. The average share of users using BNPL for crypto across ages was at four percent. Male respondents, however, did use BNPL slightly more frequently than their female counterparts.

The relationship between buying time and SWB by age group.

The statistic presents data on the share of the Chinese internet population who buy plants frequently online as of first half year of 2017. According to the result of a survey conducted in the first half of 2017, 63 percent of internet users in China had the habit of purchasing flowers or plants online.

The motivations influencing U.S. consumers to make purchases via social networks differ based on their age groups. Among 18-34 year olds, the primary focus is on saving money through the utilization of limited offers promoted on these platforms. Conversely, older respondents prioritize free shipping as their predominant concern. In broader terms, the exploration and acquisition of new products also emerge as significant factors driving purchases through this channel.

The Relationship between donating to charity and SWB by income.

UK adults with low or middle income were more likely to use BNPL than adults with higher incomes. This is according to a bi-annual household survey in the United Kingdom, that asked about how and why consumers would be using the alternative payment option. About ** percent of respondents who had an income between 50,000 and 100,000 British pounds used buy now, pay later. This was noticeably different from other income levels, especially higher ones. The source observed major differences between race, with Black and mixed race users being significantly more common BNPL users than White or Asian respondents.

According to the results of a recent survey conducted in the United States, most respondents across all age groups preferred to buy products directly in stores. The highest share of in-store buyers was among baby boomers, with 83 percent. On the other hand, the same generation did not seem as interested as others in buying products through companies' apps or social media.

When it comes to grocery shopping at Costco in the United States, 28 percent of 18 - 29 year olds do so in the U.S. This is according to exclusive insights from the Consumer Insights Global survey which shows that 23 percent of 30 - 49 year old consumers also fall into this category.Statista Consumer Insights offer you all results of our exclusive Statista surveys, based on more than 2,000,000 interviews.

Most of the German population rented their housing. In 2023, around ** million people did so, compared to roughly **** million who had their own house. The German real estate market does offer different housing options, but it is also an increasingly tough one for tenants and future homeowners to navigate amid the ongoing recession. Competitive and expensive Becoming a homeowner is getting more and more difficult in Germany. After almost a decade of uninterrupted growth, the market has entered a period of downturn. For years, homebuyers could access cheap credit, with mortgage rates as low as *** percent. However, in 2022 and 2023, mortgage rates have increased strongly to over **** percent, making it much more expensive to invest in residential property. In addition to that, prices for owner occupied houses have increased by over ** percent since 2015, house price growth had also overtaken that of rentals the same year, making renting the cheaper living option, especially for younger people. The summary of the housing situation sounds familiar worldwide: fierce competition in urban areas when searching for rentals, with demand far outstripping supply, as well as rising property prices for those considering a house purchase. Somewhere to live The decision to rent rather than buy may occur for various reasons. Tenants may simply not be ready financially to buy a home, be that a house or apartment, or they would not be considered by a bank for a loan based on their current earnings. They may be pressed for time and hope to find a place to rent quicker, while buying a home is a long-term commitment, leading to different types of costs and legalities. A ***************** of people lived in shared apartments in recent years, but figures had not changed so much as to rule this type of housing out as a popular option. Shared or not, the average rent prices of residential property in Germany have been going up year after year, both for new buildings and older ones.

In the United Kingdom, more women than men purchased clothing, shoes, and accessories over the internet in 2020. According to a survey, over 60 percent of women bought clothing items online within the previous 12 months. Moreover, this activity was more prevalent in the younger age groups across both genders.

UK shoppers' soft spot for e-fashion Apparel and footwear was the most popular online shopping category in Great Britain in 2020, with more than half of individuals in British households reporting buying items in this category over the internet. Estimates suggest that in 2021, fashion retail e-commerce revenue in the UK amounted to nearly 41 billion U.S. dollars, a figure forecast to grow by more than 20 percent over the next five years.

Where do Britons buy fashion online? Although consumers in the United Kingdom enjoy a wide range of sources for discovering and purchasing fashion items over the internet, a survey conducted in 2021 revealed that Amazon was by far the most popular online store for apparel shopping. Among homegrown players, the multinationals Mark & Spencer and Next stood out, occupying second and third place in the ranking.

Gen Z was not the age group who used BNPL the most in Italy in 2021, but was estimated to be the age group who used this payment method the least. This according to big data from a single BNPL provider within Italy. Interestingly, it observed that most of its client base were in the age group between 41 and 56 years. This may be regarded as an unusual age group for buy now, pay later - although not uncommon, as is exemplified in BNPL user demographics for the United States.

According to a survey conducted in Japan in February 2023, about one-third of all respondents stated their interest to buy from the Chinese fast fashion online retailer SHEIN. The demographic with the highest desire to use the store were female teenagers, of whom almost 46 percent reported a strong intent. In general, female consumers were more inclined to use SHEIN. The private company headquartered in Guangzhou specializes in low priced clothes that are produced domestically, primarily for an international market.