GolfFoxtrotLima@sh.itjust.works to Lemmy Shitpost@lemmy.world · 9 days agoEconomy is Just Finemedia.piefed.socialimagemessage-square10fedilinkarrow-up1173arrow-down11file-text
arrow-up1172arrow-down1imageEconomy is Just Finemedia.piefed.socialGolfFoxtrotLima@sh.itjust.works to Lemmy Shitpost@lemmy.world · 9 days agomessage-square10fedilinkfile-text
minus-squarethe_fuckler@nord.publinkfedilinkEnglisharrow-up10·9 days agoDamn, I’ve never looked at lending like that. Thank you for humoring me so I can examine that.
minus-squarebdonvr@thelemmy.clublinkfedilinkarrow-up6·9 days agoYep, it measurably increases consumer spending. $500… Can’t afford that. Now $125? Yeah I could come up with that. Psychologically they often don’t really think beyond that first payment, and then are pretty stressed when they need $125 for the next three fortnights…
Damn, I’ve never looked at lending like that. Thank you for humoring me so I can examine that.
Yep, it measurably increases consumer spending.
$500… Can’t afford that. Now $125? Yeah I could come up with that.
Psychologically they often don’t really think beyond that first payment, and then are pretty stressed when they need $125 for the next three fortnights…