Bloomberg Surveillance · Saturday, September 26, 2026
Services like Affirm and Klarna, often associated with discretionary purchases, are increasingly being used by younger generations for everyday expenses as a rotating line of credit. This trend is driven by a desire for experiences and the financial pressure many are feeling.
“I'm like, Affirm and Klarna look really good for young people because, as you were saying, they want to have good experiences. So how do you make those experiences? That's brilliant. Are those platforms successful?”
“Yeah, they're really successful. People are using them for exactly what Mike Miles is talking about. They're using them for Knicks tickets. They're using them for Taylor Swift. They're also, though, more often using them for everyday expenses. This is now becoming a rotating line of credit for a lot of people to get by.”