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https://warpcast.com/~/channel/politics
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Purp🇵🇸
@purp
25% of Americans are financing food and out of that 25% almost half( 41% are paying their installments late) https://www.cnbc.com/2025/04/26/americans-groceries-buy-now-pay-later-loans.html?taid=680cbf8c0c1f32000101a7b4&utm_campaign=trueanthem&utm_content=main&utm_medium=social&utm_source=twitter
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Cool Beans 🌞
@coolbeans1r.eth
@mooneymillions thinks financing food is good 🤷♂️
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Purp🇵🇸
@purp
It's not even the financing food part that's bad it's the numbers Up 11% on number of people financing Up 7% on the year on people being late 60% of people financing food had multiple loans at one, and a quarter of those had three or more There's absolutely zero way any of this specially is good or substantial or a sign of a healthy working class
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Purp🇵🇸
@purp
I can get the argument financing options for food are good because in theory they increase availability, but in reality I'm sure the interest rates are borked and it's a massive strain long term, especially at this rates, imo it's hard to say it's a net good
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Cool Beans 🌞
@coolbeans1r.eth
No one should have to take out a loan to afford food. This is basic.
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Purp🇵🇸
@purp
No i agree I'm talking about a good in terms of the reality of the hell hole of late stage capitalism we find ourselves in
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Cool Beans 🌞
@coolbeans1r.eth
Capitalism has been dead for a while broski, we don't operate in that system anymore 🤷♂️
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Purp🇵🇸
@purp
No disagree here lol You can argue that capitalism has centralized to an oligarchy but that's still symptomatic of late stage capitalism and that means of production is still capitalist
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