A survey from Omni Calculator revealed that 64% of U.S. adults (64%) have used BNPL at some point in their lives, and 70% made at least one purchase in 2025. The survey also found that 74% of Millennials have used the service at least once, well ahead of Gen Z (57%), Gen X (62%), and Baby Boomers (60%). The BNPPL market is expected to more than double to $258.40 billion by 2031 from $127.94 billion in 2026. With high inflation, many Americans are increasingly turning to buy now, pay later options to finance high- and medium-priced purchases. The Iran War has disrupted the flow of commerce through the Strait of Hormuz, disrupting the supply of oil from the Middle East.