return2ozma@lemmy.world to News@lemmy.world · 2 days agoKlarna’s losses widen after more consumers fail to repay loanswww.ft.comexternal-linkmessage-square29linkfedilinkarrow-up1127arrow-down12file-text
arrow-up1125arrow-down1external-linkKlarna’s losses widen after more consumers fail to repay loanswww.ft.comreturn2ozma@lemmy.world to News@lemmy.world · 2 days agomessage-square29linkfedilinkfile-text
minus-squareskuzz@discuss.tchncs.delinkfedilinkarrow-up8·2 days agoBNPL over-extension and collapse was one of the things that led to the 1929 stock market crash. Back then, people were BNPLing things like RCA radios. Today it’s cell phones and groceries. Too bad we can’t learn from history.
minus-squareFurryMemesAccount@lemmy.blahaj.zonelinkfedilinkarrow-up2·1 day agoI’d argue the small loans are just a symptom of the underlying issue: overly unequal wealth distribution.
BNPL over-extension and collapse was one of the things that led to the 1929 stock market crash. Back then, people were BNPLing things like RCA radios. Today it’s cell phones and groceries.
Too bad we can’t learn from history.
I’d argue the small loans are just a symptom of the underlying issue: overly unequal wealth distribution.