Just what Americans needed, more ways to go deeper into debt.
this post was submitted on 23 Apr 2024
73 points (94.0% liked)
News
36867 readers
3523 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
Even worse, Walmart crap will be in a landfill before the customer is done paying it off.
The credit cards are all maxed out so now they need BNPL. The economy is propped up on debt.
Layaway is starting to be offered everywhere...
You can put a pizza delivery on a payment plan. This shit is going to crash hard.
I'm just surprised Walmart isn't also doing rent-to-own while they're being predatory on the poor.
Predatory loans? Wally-World has gotcha covered.
First Apple, now Walmart. Looks like every CEO is looking to tank their company through finance just like their hero Jack Welch did to GE.
Shit should be illegal. Bring back laws against usury
Sorry, we can only make laws directly out of the Bible when it is against women's body autonomy, not usury. Well, usury is in the Bible and abortion isn't (other than how-tos), but you know what I mean. I have read neither the Bible nor the Constitution but I will absolutely claim they call for specifically the laws I want and ignore any part that calls for the opposite of what I want.
Sincerely, Every Republican, top to bottom
I'm gonna regret not taking out way more debt than I can ever afford to pay off when the government erases loans for the millions of folks who are falling for this, won't I?
Nah, there will probably be a bipartisan compromise passed to bailout WalMart by buying this debt for the sake of "the economy" and then authorizing the government to start collecting on it by garnishing people's paychecks and social security payments and food stamps for the sake of "the deficit"
Dude gen z and alpha are so fucked.millenials got debt screwed so hard it's created a whole industry around pushing easy to get loans and after pay and klarna and 0 interest rate credit and and and. Debt is literally required to live for most Americans and it's only going to get worse.
I assume they'll encourage their employees to take out loans...
You stock 16 shelves,
and what do you get?
How long until employees are simply paid in Walmart points?
Or their paychecks have whatever they currently owed automatically deducted... requiring loans to make it to the next check.
Oh oh! I've seen this episode! Before the reboot they called it "company scrip".
The theme song was a banger too!
The line "another day older and deeper in debt" from the chorus came from a letter written by Travis's brother John.[2] This and the line "I owe my soul to the company store" are a reference to the truck system and to debt bondage. Under this scrip system, workers were not paid cash; rather they were paid with non-transferable credit vouchers that could be exchanged only for goods sold at the company store. This made it impossible for workers to store up cash savings. Workers also usually lived in company-owned dormitories or houses, the rent for which was automatically deducted from their pay.
16 tons and what do you get?
I just wish I could find a real replacement to Simple, my favorite bank ever.
They got bought by BBVA, things were fine for a while, then BBVA forced us off Simple and onto BBVA crap, then sold to PNC, which is when I finally moved over to One, at the time it was small but had some cool features. Then they sold to Walmart and the features got stripped out, the security got worse, the app now sends me bullshit notifications daily. Ugh
You just described what I’m going through 100%.
Capitalisms transition to neo-feudalism has been accelerating rapidly. Fun fact, amazon has their own intillegence division stocked with pinkertons and ex military.
might be interesting to see what "always low low prices" looks like from the financial lending perspective....
"Always a high high interest rate. Always."