this post was submitted on 28 Apr 2025
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United States | News & Politics

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More Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey says (www.nbcnews.com)
submitted 3 months ago by cm0002@lemmy.world to c/usa@midwest.social
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[–] deegeese@sopuli.xyz 24 points 3 months ago (3 children)

People going into debt to buy groceries was a thing back in the great depression. Grocery chain Safeway is named that because it was “safe” and didn’t sell food on credit.

[–] cm0002@lemmy.world 16 points 3 months ago* (last edited 3 months ago) (2 children)

Lol it's true

https://en.wikipedia.org/wiki/Safeway

The point of the Safeway name was that the grocery operated exclusively on a cash-and-carry basis – it did not offer credit to customers, as American grocers traditionally had done. It was the "safe way" to buy food because a family could not get into debt via its grocery bill (as many families did at the time, a contributing cause of the Great Depression in the United States). Thus, the original slogan was: "Drive the Safeway. Buy the Safeway".

get into debt via its grocery bill (as many families did at the time, a contributing cause of the Great Depression in the United States).

Oh boy here we go guys, Great Depression 2: electric billaloo!

[–] entwine413@lemm.ee 8 points 3 months ago (1 children)

It's going to be worse this time. Like Germany after WWI.

[–] joshchandra@midwest.social 1 points 3 months ago

I've been calling it the Greater Depression for years. And now here we go...