this post was submitted on 07 May 2024
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Collapse

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This is the place for discussing the potential collapse of modern civilization and the environment.


Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.


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cross-posted from: https://lemmy.world/post/15144297

Consumers have embraced 'Buy Now, Pay Later' products that allow them to pay for purchases in installments, but it's not clear how many of these loans are out there.

Paywall removed: https://archive.is/9SYHz

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[–] melisdrawing@lemmy.world 2 points 3 months ago

That is insane. It implies over $100 in debt to BNPL per capita.