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It's still questionable. Similar to car manufacturers or IKEA, who all have their own banks, Apple has an incentive to hand out credit to people who should not
by mschuster91 3d ago
It's still questionable. Similar to car manufacturers or IKEA, who all have their own banks, Apple has an incentive to hand out credit to people who should not get it, increasing the likelihood of people getting underwater with their debt.
Generally, the fact that most non-Boomer people simply don't have the means to even save up for basic consumer goods like cars, furniture or a phone but have to go into debt instead is scary. Our entire economy has become a house of cards.
- JumpCrisscross 3d ago> still questionable Oh hell yeah. But a lot of folks are treating the existence of customer financing as damning per se. The scale is daunting. But the scale of the entire AI enterprise is massive.
- mschuster91 3d ago> But a lot of folks are treating the existence of customer financing as damning per se. Yeah because it's gotten completely predatory. That is what people are getting ever more pissed off about - advertising, social media and gamification (have you seen the ads for Tiktok, Whatnot, Wish and whatever else goes with "live shopping" recently?) leads people to go way deeper into credit than they can afford.
- jqpabc123 3d agoBut the scale of the entire AI enterprise is massive. Yes --- and the scale of the money being set on fire is epic. And if/when the burning comes to a screeching halt, the resulting crash wil be likewise.