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What's naive is thinking that a person who gets seriously inconvenienced by a thousand dollars disappearing is immediately the same as someone who struggles to

What's naive is thinking that a person who gets seriously inconvenienced by a thousand dollars disappearing is immediately the same as someone who struggles to put food on the table - I feel there is a disconnect in your view of the kinds of middle income earners who we're describing here. I think the legs on your horse may also be too high. If someone has a mortgage, kids, other large outgoings etc, they are sill easily able to afford a flagship device. However a sudden hit to the monthly budget that's an order of magnitude larger than normal will ruffle most (i.e. easily over 50%) of borrowers.

Johnny555 8y ago
It wasn't my suggestion that this would make people unable to buy food, I was replying to this comment: Not to mention inability to buy food, gas/transport to work, etc. If a $1000 phone is an order of magnitude over your monthly budget, then your monthly budget is only $100. ...still easily able to afford a flagship device. If they can't pay upfront, it doesn't sound like they can easily afford the device. I'm not wealthy by any stretch but my automatic overdraft protection on my checking is over 2x my entire monthly budget. it's not free to use but it would keep me from bouncing checks until I can transfer money from my emergency fund. If I had an unexpected $1000 charge it would come out of that overdraft protection.