A Boring Dystopia

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Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

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Everything on credit (slrpnk.net)

submitted 3 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 47 points 3 weeks ago (1 children)

Nobody is buying a wall box on credit, but online retailers figured out if they just enable installment payment everywhere, it provides a small lift to sales at the expense of snarky comments from Lemmy.

[–] [email protected] 10 points 3 weeks ago (2 children)

Enabling it everywhere facilitates people purchasing things they can't afford and fucking themselves.

The picture is funny but the real thing is filling up a cart with everything needed for a renovation, failing to pay a payment and having it cost you more than list price with the hidden, past due accounts owe us 30% interest plus fees type of paradigm.

[–] [email protected] 1 points 3 weeks ago (2 children)

We can't make laws to block all human stupidity.

[–] [email protected] 1 points 3 weeks ago

"There is no such thing as idiot proof, only idiot resistance."

[–] [email protected] 8 points 3 weeks ago

No, but we can block the predation

[–] [email protected] 3 points 3 weeks ago (4 children)

If you need to borrow money for a renovation, a HELOC is way cheaper than a credit card.

IDK how much we need to protect stupid people from themselves.

[–] [email protected] 4 points 3 weeks ago

Not everyone has access to the financial education that teaches you how bad this is. I see so many people that don't actually understand how credit cards work because they "just got one" after signing up for a rewards program (basically, got scammed into signing up).

[–] [email protected] 4 points 3 weeks ago

They are practically disabled so hopefully more than we are doing.

Ignorant people need protection too. It's not like predatory lending is a thing thought in schools.

[–] [email protected] 11 points 3 weeks ago

Quite a lot, actually.

https://www.creditkarma.com/about/commentary/americans-have-a-net-worth-problem-and-its-not-positive

More than half of Americans don’t know how to calculate their net worth (51%)

Nearly one-third of Americans have a net worth of $0 or less (31%)

And thats over a year old, its getting worse.

[–] [email protected] 1 points 3 weeks ago

foot-guns are a natural part of the internet and are crucial for its ecosystem.