Reads like thinly veiled advertising for the services offered by the website this article comes from. I doubt it's anywhere close to a representative sample.
this post was submitted on 02 Jun 2024
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A Boring Dystopia
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I had to deal with food insecurity when I was a young adult. This was around the turn of century. More than once I wrote checks I could not cover, hoping to get cash in the bank before it cleared. And I had to eat overdraft fees I obviously couldn't afford as a result.
This isn't so different in that not having enough money ends up costing more. And with wage disparity and food costs being what they are now, it's easy to believe that percentage, unfortunately.
Side note: man I'm super old :(
"Turn of the century" and immediately think of 1900... And I'm like oh wait 2000 is a turn of the century.
I see this so much from my coworkers. I could never. I'd rather do without or just steal if I really need something. Credit like that is a trap. I learned that from growing up poor. I'm 36 and debt free and I'm not going back. I'm not buying every day things on credit. I can wait a few paychecks if I need to.
it's scary. I work in IT and many gen Z kids leave their personal financial stuff on work computers...
the spending/debt they are in is nuts... and it's stupid stupid debt. one kid had $10,000 in credit card debt over 6 months of spending and was making like $100 payments on $1000s per month in spending. the spend like they make $250K a year even though they make 40K. he's probably 23-25.
Are you looking at their personal financial "stuff"?
anything that's on your work computer is company property.
it's my job to look at anything on company computers.
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90% of everyone else does too. **With credit cards. **
I mean responsible card owners pay their statement in full every month. It's a great way to get purchase protection and cash back or reward miles. This is more like splitting payments over multiple months, and if you do that with a credit card APR you're getting a terrible bargain.
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One issue is that credit card spending is tracked as consumer debt, but these schemes largely aren't, so the rosy economic picture that has been painted by official numbers could be undermined by these hidden numbers.
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Betting on the collapse of civilization… I get it.
Haha… If the us collapses by next Friday, I got my groceries half off.
Whenever possible, try to avoid shit like this. Credit cards and major loans too. I'm trying to avoid this until I need a loan for a house or some shit.
Credit cards are fine as long as you pay the balance every month. You even get some small perks and it's easier to balance your budget (at least for me it is). I'm not sure how buy now pay later schemes work as I've never used one of those services. Does it tack on a fee or is there interest involved automatically? They obviously are gonna rake you over the coals for being late, but credit cards do the same thing if you don't pay the balance.
In my experience it's also easier to dispute a credit card charge vs a debit charge. Also this might just be in North America but using a credit card also builds your credit score/history which is necessary down the line for things like loans or even to rent an apartment.
And your bank account isn't directly tied to a credit card, unlike a debit card. I've heard horror stories about people that have a $2k disputed charge that is just in limbo in a bank account until the investigation is complete and found in the account holder's favor.
Credit card companies actively pursue fraud and will advocate for their cardmembers first, whereas the banks seem to hold some apprehension; at least in my experience.
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Oh fuck.
Why pay now when I don't even know if I'll still be alive next week?
How tall is that shopping cart or how short is that lady?
I believe she is crouched judging by the way she's holding that jar