It's all well and good to blame the generation that can't afford shit to use payday loan companies to buy shit...but when these companies align with the likes of Dominos Pizza to allow you to buy a pizza and pay off in several weekly installments, maybe it's time to blame prices for being ridiculously high?
this post was submitted on 29 Nov 2024
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Eat, drink, and be merry, for tomorrow we die.
If were going to slip into a period of hyperinflation then taking on tons of consumer debt is just good financial planning.
This is correct, although usually you'd want to go into debt on something like housing but let's be honest, that's not possible. Why not pay an 80 dollar door dash across four payments?
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Does it matter. It seems that a lot of them have checked out already as they see the world burning around them.
Hard to blame them.
I thought we did the whole credit crash a century ago.
We had a pandemic, radical credit spending, nazis, the writer is remixing the previous season. Lazy.
In other news, the interest rate on unsecured pseudo-credit services is very high.
Now over to Dave with the weather.
Is this actually worse than the five figure credit limits gen x had extended to them? Boomers had store layaway, which really seems ideal for holiday shopping, but there's no money to be made with it so of course it's fallen out of style.
five figure credit limits gen x had extended to them
chase gave me a $17K limit before i was even 20 in the 90s. i know more than a few people who would have had that maxed out the next day
They’re just waiting for the trickle down