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Downtrading

Consumers pessimistic about spending

Consumer pessimism drives rise in BNPL, reduced discretionary spending and ‘downtrading’

Customer
by Paul Skeldon
 43% of consumers are negative about the UK’s current economic state more pessimistic today than during the Covid-19 lockdowns in 2020
BNPL cost of living Customer Downtrading Growth 2000 Payment Peak Pessimism
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