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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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