Klarna brags to businesses that offering their app will increase the average store order by 45%. That means that the average shopper is spending 45% more—for things they can’t afford—all because they don’t have to pay for it all at once. That’s messed up!
It is NOT about people who can't afford food, it is about psychologically manipulating you into overspending and it works on so many people that the handful who it doesen't work on are just the tiny exception.
And that in a world that can only survive if we consume less.
"people are too poor to afford to eat, come observe as we try and reframe this as a quirky habit of a younger generation instead of hilighting the fracturing of society as a whole!"
This is yet another massive sign of an oncoming recession in the next 6-12 months. Inverted yield curve, more part time jobs, layoffs, commercial real estate collapse, etc.
A lot of the knee-jerk reactions reek of avocado toast and bootstraps against The Youths™ and the article starts off a bit as living beyond your means, I shook my cane and felt it too reading the headline at first.
But honestly, think about how these financing options are smoothing out paychecks for young people and low income folks, giving them more of a buffer in actual cash to deal with day to day stuff that might not be covered by these services. And anything that can put the screws to credit card late fees and interest and the fucking scumball payday loan industry is absolute tits IMO.
I remember being poor and hungry early in life.. absolutely would have taken advantage of predictable lower payments on as much as possible just to have more cash around because I knew just how likely it was to try cranking my junker of a car one morning and realize I'm walking to work for the next few paychecks.
2008 will be just a little slump compared to the upcoming crash. hope this time we'll end up with a "burn down the wall street" movement, not "occupy wall street"
I've never used one of these payment things because I've never needed them, but I've always found it funny when it offers to do it on a really cheap item. Like if you have to pay $60 in 3 monthly payments then you may not need that item.
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