• Krauerking@lemy.lol
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    6 months ago

    Sezzle and Affirm now too. Also Four, Afterpay and whatever that like weird Amazon sponsored one is that sorts is Amazon pay but isn’t.

    There are a fucking lots of buy now, pay later apps these days.

    Also side note: And yeah the credit debt is actually in check because it’s kinda the battery that powers the economy of the United States.
    As long as people can still make minimum payments that is.

    But seriously it has the spending power as a country as it does mostly because of the sorta guaranteed debt payments from the general populace. It’s why it loves people that generate huge debts and pays them back poorly. People like Trump and just upper middle class putting 10s-100s of thousands on debt are viewed as financially great for a reason.

    • sp3ctr4l@lemmy.zip
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      6 months ago

      Financialization is generally something that happens in the stage right before a society largely collapses, historically.

      Its a huge contributor to wealth inequality.

      It all works until it doesn’t.

      But yeah, thanks for adding those other popular after pay systems I forgot!

      • Krauerking@lemy.lol
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        6 months ago

        Oh for sure it’s a super unstable bad idea but it works really well for a short time for those at the top. We really are just riding that edge out of hubris from those in charge.