this post was submitted on 25 May 2025
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A Boring Dystopia
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Stores had layaway back in them days, it was OK. It wasn't super predatory as I recall. Capitalism will forever get greedier.
I remember layaway fairly well. The great thing was that there was a small fee at worst, no interest charged.
It really needs to come back. It’s far better than putting someone in interest laden debt. But debt is profitable.
Wasn't the whole point of layaway to keep the physical item from being purchased by another customer until you could pay it off? How many items today completely sell out?
Elder millennial, and I've never fully understood layaway.
I'm Gen Z, I did a layaway on the 2 bikes (my ebike and my Kona Dew+) I've bought because I knew I would have enough money to fully pay for them soon, but I didn't want to risk those particular models selling out, and the bike shop really only brings in a few of each model due to their size.