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Canadians under 35 are debt-stressed — and buy now, pay later ubiquity isn’t helping

December 16, 2025December 16, 2025
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A purple banner that says 'Klarna,' and a smaller one below it that says 'Pay your way,' are hung outside a historic building. A man holding a coffee and a phone is shown in motion nearby.

Canadians under 35 are seeking debt relief services in higher numbers and missing credit payments at higher rates. Student loans, first credit cards and slow wage growth aren’t helping, but experts say the ubiquity of “buy now, pay later” plans are making the problem worse.

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