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Struggling consumers use buy now, pay later services for everyday necessities — even groceries
(finance.yahoo.com)
this post was submitted on 22 Feb 2024
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A Boring Dystopia
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except for large purchases where using a loan can actually make you more money (house), buy now, pay later has always been a scam imo. I have never understood purchasing a monthly price for a car that depreciates faster than the speed of light. It is actually terrible seeing all thosee luxurious cars and all those huge trucks that are all 60-70$k on the road in a place where the median and average salary is ~50k.
I don’t understand why so many people buy new cars. Wasting a year’s worth of income. It doesn’t make sense. I get that people need a reliable vehicle to get to work but even if you just spend a half a year’s income it would make a lot more sense.
The need to fit in and be seen as upwardly mobile and have new things to impress others is so strong in us.