Mental health issues are linked to increased use of buy now, pay later (BNPL) loans, according to a recent study from Johns Hopkins University. The research, supported by the de Beaumont Foundation, surveyed about 2,100 U.S. adults from March to April 2024. It found that individuals experiencing symptoms of depression, anxiety, or post-traumatic stress disorder were significantly more likely to rely on BNPL services compared to those without such symptoms. Specifically, those with depression were nearly twice as likely to use BNPL, while those with PTSD were more than twice as likely to do so. Catherine Ettman, an assistant professor at Johns Hopkins, emphasized the need for clearer information on BNPL terms and the risks of missed payments, which could exacerbate financial difficulties. The study also pointed out its limitations, including the short timeframe and sample size, making it unclear whether BNPL use affects mental health or vice versa. The Consumer Financial Protection Bureau (CFPB) has highlighted concerns about consumers taking out multiple BNPL loans, complicating their financial obligations. Industry representatives argue that BNPL can be a safer alternative to high-interest loans, with some data suggesting that late fees and charge-offs are relatively low among users.