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BNPL schemes are (or at least were as of a year ago) destroying Gen Z. This one may be less destructive as it doesn't look like interest rates are a thing, but
by koromak 4y ago
BNPL schemes are (or at least were as of a year ago) destroying Gen Z. This one may be less destructive as it doesn't look like interest rates are a thing, but still. Don't get into the habit of spend ing money you don't have.
- erulabs 4y agoSpeculation, but the lack of interest rates is probably more destructive. The profit here comes from more usage on Apples cc system rather than some other bank taking the rake. Apple is incentivized to make “spending money you don’t have” as easy as possible - it directly benefits from it - and thus makes it even more appealing with no interest rates.
- MisterPea 4y agoIs there any data on this? Not trying to refute, just genuinely interested in impact over generations.
- drsnow 4y agoQuadPay, Affirm, Apple now, there are SO many schemes going on to entice people who can't actually afford things to buy them with credit and destroy themselves financially. It's very common and your request for data strikes me the same as if you had asked if there's data on whether the Sun shines. It's just so obvious it's mind-boggling to question it.