Comment on U.S. consumers are so fucked up, that they put more than $1 billion on buy-now, pay later services during Cyber Monday

MyBrainHurts@piefed.ca ⁨6⁩ ⁨days⁩ ago

It’s fucked but with a charitable view, I can see some logic.

For all the nonsense, there are a handful of good deals on the Friday/Monday. If I were living paycheque to paycheque, seems like a bnpl scheme could let me budget say, November to February for christmas gifts, interest free unlike a credit card.

That being said, that’s the theory. I imagine a lot of folks end up in over their heads much like credit cards etc.

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