Uh, the child born in 1980 definitely has a bigger house and a better paying job than their parents did on average. Or at least a bigger living space per person, though usually fewer kids.
No, this is Klarna/Affirm/Payday loan type shit that's been going on since covid. No protections, no minimum credit/income requirements, no safety nets at all, just really raking poor people over the coals.
It's an option. If you couldn't buy it before hand, don't buy it now. But if you really need it and have no other options, guess what, you have a fucking option. Which you wouldn't at all if this wasn't an option; you'd just go without. And if you're fine with going without, then fucking go without.
You people act like they're forcing you to do stupid shit. You're just a poor, innocent victim in all of this. Woe is you!
But it's cool, continue being a dumbass. No one will notice. You're a clever, witty, and highly intelligent supragenus. True story. Look, there's not even an /s, which I know you need in order to tell when someone's being sarcastic. But there isn't, so it's true! Hooray for you!
Some seniors were sleeping in the parking lot at the high school as their prank, I brought them a party pack from taco bell. The first thing they did was try to sell the tacos for a dollar each. It doesn't look good.
I've realised that this narrative is bullshit. Every generation struggles just as much as the last. Why do you think that we all grew up with it being beat into our heads that we had to go to college? Because our parents were hoping that it would allow us to have a better life than they had. Our parents were starting college funds when we were babies. And we are repaying them by blaming them for our shitty lot in life when the real villains are the rich and powerful upper class.
Ah yes. The Boomers who voted in leaders happy to fuck over future generations as long as they kept boomer real estate values a top priority. Those poor boomers who've had entire lifetimes to save and invest still NEED every ounce of help propping up their house prices. Fuck em all.
The cusp of the post WWII baby boom has already surpassed average life expectancy.
The shift of wealth and power cannot come soon enough.
The wealth hoarding class is only possible because of boomers at the polls.
You’re forgetting that boomers were alive during Jim Crow, segregation, and the Vietnam draft. So they also had it shitty unless they were white, male, and affluent.
My grandpa put himself through college, worked his way up from a stock boy in a grocery store to regional manager in lumber, teaching masters business degrees, all while being sole income for his wife and two daughters and they always had a house, cars, food etc. Sure they struggled a bit in the very beginning, and he worked a lot of hours. But that kind of opportunity is gone. I work 60+ hrs a week and can barely support myself and my wife. In a tiny house. And we are among the fortunate.
2/2 just wanna say its not that they didnt have their struggles back then, its that with some hard work you could easily earn your way back into a great living. Nowadays, if I got laid off or fired next week, id be absolutely screwed. They were more wealthy in the sense their labor was valued more and they had opportunities that subsequent generations have been increasingly robbed of
Yes, but he was white or at least not black in the South. Old problems are vastly improved and new problems arise. And at the same time during the boomer era, the US government was overthrowing governments like crazy while threatening and fearing nuclear annihilation.
It’s important to see the structural and societal failings of the entirety of the US’s history and not cast them aside. Really, middle class white people are being dragged down to the level poor people and nonwhites have been at.
I mean, layaway was just you paying a bit at a time on something until it was paid off and you could pick it up. It was more or less, "I trust neither myself to not spend this money on other things, nor you to keep this thing in stock, so here is a token amount today for you to hold this thing. I will return to make more small payments later"
Typically, you could cancel a layaway and just get back the money you put in. No interest either, or anything like that.
Except the people with so much credit card debt who can't get any more cards can now buy even more debt. It feeds into the addiction of spending more than you can afford. You wouldn't buy a TV for $1000 but only $50 a month doesn't sound too bad if you're unaware of what you're doing. By the time 90% of your paycheck is being garnished for debt it's already too late. You won't be able to afford ramen but the CEOs are now richer
When I worked in collections we'd get the occasional Bankruptcy and as a debtor you got to see a list of all the person's debtors. Most of them were shit like Sears and Pottery Barn but like 50 similar stores.
I haven't had a credit card for many years now. I just use debit cards. The only issue is we likely have a pretty bad credit rating. That basically means high interest if we ever need a loan for any reason.
Sucks, cause credit cards with rewards programs are nice, giving you 2+% of your money back. If you're paying them off as you spend on them it's free money (especially if youre able to pay your rent with a credit card, but lots of places won't do that or charge a fee for more than you'd get back). The trap is people will often not pay off that fast
Which sucks, because not having one screws you over when it comes time to having to use your credit score for anything major. Having some kind of credit card or similar charge account is pretty necessary to show how you can borrow money and pay it back. And not, you know, decades of paying rent and other bills on time without issue, that doesn't count. Just that you accrued debt over and over and paid it back.
I only have one because online purchases work better with one, and there's less fees to using it versus a debit card. It still feels stupid to buy on credit when I have the money in bank.
I have a limit for how many transactions I can make each month. Any over the limit has fees. Is that just a Canadian thing? Banks aren't free. CC transactions are free to the user because the fee is paid by the business receiving the payment instead.
I have one because sometimes I don't have $2k or whatever in fluid money but I can budget a number of smaller monthly payments even if it means spending marginally more in the long run.
I have ones that get cash back at various stores. I also got one when I was young-ish, which makes my credit score look good, which is good for future auto loans, a mortgage, and so on. That being said, I pay them off every week. That way I never have a balance or get interest charges.
The fun part is fully paying off loans lowers your credit score not raises them. Basically they are punishing us for not being good little capitalist pawns in constant debt by hitting us with higher interest rates the next time we need loans because we are in debt again.
CaptSchmidtGaming
thats your fault for not shopping at costco... they love you ♥
Khanamana324
I hate capitalism.
thedudeman519
Nothing could possibl-eye go wrong.
meowingintensifies
klarna and affirm lost money last quarter. if costco's doing BNPL in-house, you'll work off your hotdog debt in a costco warehouse.
Comet260
BULLSHIT. Those same parents voted Reagan.
Corin
Came here for this, TY
lonelyrangerofthedreams
And the only common flying machines other than airplanes are drones used to kill us.
Great future capitalists. Thanks, really.
PhloydPhan
'Three more payments and this hotdog is mine.' *belch*
mikeatike
Adults in the 80s mostly didnt give a shit if their kids did better than they did.
meowingintensifies
and/or actively sabotaged their kids by smoking indoors, cars, and restaurants.
mikeatike
Dont forget ruining the economy and blaming their kids.
nmxbxf38
I can't stop watching this
huffnpuff72
We've had credit cards for a very long time. 'buy now pay later' is a scam to extract more coins from people than credit cards are doing.
kurvarVillain
Mathstronaut
Kmart had layaway.
UWAGAGABLAGABLAGABA
Not the same. Layaway, you don't get it until paid off. Buy now pay later: get it now and make payments usually with interest.
Shaows
Costco slowly reintroducing Layway
ThisGuyPostingThings
I've seen a few places advertising layaway or similar programs for a while. It never really went away.
mardukkur
Uh, the child born in 1980 definitely has a bigger house and a better paying job than their parents did on average. Or at least a bigger living space per person, though usually fewer kids.
mardukkur
Real dollar median income 1980: $27K. 2024: $45K
Residential floor space per capita 1980: 550 sq. ft. 2024: 890 sq. ft.
malachilenomade
Except 1980 $27k was the equivalent to $102,776.47 in 2024, so no, it's not the same.
mardukkur
The number is in real dollars, silly.
mardukkur
The nominal median income in 1980 was $7,944.
mardukkur
Imagine convincing yourself the median earner in 1980 made over $100K. LOL.
LubaTergenyev365
Worse now. $27k in 1980 is $109k in 2026. ~304% inflation per https://www.usinflationcalculator.com/
mardukkur
The $27K figure is in real dollars. The nominal median income in 1980 was $7,944.
DrSchlepenstein
So a credit card?
TheLastSpaceman
More like credit dog...
MostAwesomeDan
No, this is Klarna/Affirm/Payday loan type shit that's been going on since covid. No protections, no minimum credit/income requirements, no safety nets at all, just really raking poor people over the coals.
Badprenup
It's like a more modernized version of a payday loan
thedudeman519
Yup. So many of these popped up post covid. Albert Dave etc etc.
They're really tyring to pu hte hooks in everyone
ElbowDeepInABlackhole
Can’t wait for the Costco branded investigators to become a thing.
Shaows
Already exists, go watch Costco Fahrenheit on YouTube
swedeonamoose
Nono they will sell the depts to a tv production company so they can make a few seasons of DEBT COLLECTORS.
HenryLongfellowIII
Costco Law School too?
commentsivehadafew
I will gladly pay you tomorrow for a hot dog today
reichtwinglunatic
Nandortherelentless
https://media3.giphy.com/media/v1.Y2lkPWE1NzM3M2U1bGY2d2xsandyNnhubzR2cWEyMXphanh0cWk2cXZuMDIzMThjbHk1NyZlcD12MV9naWZzX3NlYXJjaCZjdD1n/3oEduHbGIZHblgkx20/200w.webp
Sageypie
I've had to do this at Walmart. Like, twice now. It's not great, let me tell you.
cytherians
gonzar09
My coworker and I had so many Wimpy references on deck at work that I immediately cackled when I saw this as top comment.
PearjuiceATX
My mom used to make this joke with us when I was a kid, if she wanted us to share part of a snack.
PearjuiceATX
Reference/joke/whateverImalittlebaked
Aranon1183
Does THC actually help you sleep? I've been really tempted to buy some edibles to help me sleep
xmaneds
@Wimpy #WimpyBurger
DocFunkenstein
It's an option. If you couldn't buy it before hand, don't buy it now. But if you really need it and have no other options, guess what, you have a fucking option. Which you wouldn't at all if this wasn't an option; you'd just go without. And if you're fine with going without, then fucking go without.
You people act like they're forcing you to do stupid shit. You're just a poor, innocent victim in all of this. Woe is you!
dontrike
If you can't buy it now, but pay in installments, you're not going to be able to afford the next few that you need then.
Going into debt to buy cereal means a bunch of shit has gone wrong.
meowingintensifies
here's your sign:
DocFunkenstein
I was referring to the comments, not the meme.
But it's cool, continue being a dumbass. No one will notice. You're a clever, witty, and highly intelligent supragenus. True story. Look, there's not even an /s, which I know you need in order to tell when someone's being sarcastic. But there isn't, so it's true! Hooray for you!
Sorrontis
Boomers had it the best. GenXers got in the market right as the sun was setting. Millennials got focked hard. I pity GenZ and Alpha.
DVSBSTrD
GenXers are the ones who fucked it all up.
BarnegatLight
GenX has never held any power in this country - not demographic, not political, not economic.
DVSBSTrD
Because they pissed it all away voting for Nader.
TheJuiceLoosener
"How can _____ people rise up and overcome?" "Get out and vote?" "That is incorrect."
Thekindofkindlyman
“Oh man, can they?”
Sticklebrickk
Some seniors were sleeping in the parking lot at the high school as their prank, I brought them a party pack from taco bell. The first thing they did was try to sell the tacos for a dollar each. It doesn't look good.
bekkayya
umerangi generation. grew up under the red sky of a burning world.
slack3rdav3
least they wont have to live as long.
hwatL4bloopy
As a millennial I'm doing my best to look out for gen z and alpha
KingORedLions
GenZ are already doing better than Millenials at a similar age. I'm glad they won't have it as bad.... but it's still bad.
Sorrontis
fair. but you'll be the right age if WW3 strikes. Or in your prime if a depression ruins the global economy.
PubMed12927120suckssobad
But having less sex
uzetaab
I've realised that this narrative is bullshit. Every generation struggles just as much as the last. Why do you think that we all grew up with it being beat into our heads that we had to go to college? Because our parents were hoping that it would allow us to have a better life than they had. Our parents were starting college funds when we were babies. And we are repaying them by blaming them for our shitty lot in life when the real villains are the rich and powerful upper class.
7qd26tttv7
Ah yes. The Boomers who voted in leaders happy to fuck over future generations as long as they kept boomer real estate values a top priority. Those poor boomers who've had entire lifetimes to save and invest still NEED every ounce of help propping up their house prices. Fuck em all.
The cusp of the post WWII baby boom has already surpassed average life expectancy.
The shift of wealth and power cannot come soon enough.
The wealth hoarding class is only possible because of boomers at the polls.
killergrooves85
You’re forgetting that boomers were alive during Jim Crow, segregation, and the Vietnam draft. So they also had it shitty unless they were white, male, and affluent.
ThisGuyPostingThings
People like to let the "Greatest" & "Silent" generations off the hook for their parts in making the world what it is. Some SG are in power.
mardukkur
Also people in their 20s and 30s today are LUDICROUSLY more wealthy than the boomers were.
ShaggyQueen
My grandpa put himself through college, worked his way up from a stock boy in a grocery store to regional manager in lumber, teaching masters business degrees, all while being sole income for his wife and two daughters and they always had a house, cars, food etc. Sure they struggled a bit in the very beginning, and he worked a lot of hours. But that kind of opportunity is gone. I work 60+ hrs a week and can barely support myself and my wife. In a tiny house. And we are among the fortunate.
ShaggyQueen
2/2 just wanna say its not that they didnt have their struggles back then, its that with some hard work you could easily earn your way back into a great living. Nowadays, if I got laid off or fired next week, id be absolutely screwed. They were more wealthy in the sense their labor was valued more and they had opportunities that subsequent generations have been increasingly robbed of
killergrooves85
Yes, but he was white or at least not black in the South. Old problems are vastly improved and new problems arise. And at the same time during the boomer era, the US government was overthrowing governments like crazy while threatening and fearing nuclear annihilation.
It’s important to see the structural and societal failings of the entirety of the US’s history and not cast them aside. Really, middle class white people are being dragged down to the level poor people and nonwhites have been at.
BiggRanger
Isn’t that the same as buying crap on a credit card and paying interest on it for months and years?
PorneliusHubertII
And even before that we had "layaway". They keep making up new terms for debt
Sageypie
I mean, layaway was just you paying a bit at a time on something until it was paid off and you could pick it up. It was more or less, "I trust neither myself to not spend this money on other things, nor you to keep this thing in stock, so here is a token amount today for you to hold this thing. I will return to make more small payments later"
Typically, you could cancel a layaway and just get back the money you put in. No interest either, or anything like that.
This is just straight debt.
HenryLongfellowIII
I guess it's different because it increases your credit limit. Credit card interest is criminally high. Maybe Costco can do (a bit) better.
Ajierene
In the 80a they had layaway, I'm not sure where some ppl get this idea that everyone had disposable income 'back in the day'
MattoJanai
Except the people with so much credit card debt who can't get any more cards can now buy even more debt. It feeds into the addiction of spending more than you can afford. You wouldn't buy a TV for $1000 but only $50 a month doesn't sound too bad if you're unaware of what you're doing. By the time 90% of your paycheck is being garnished for debt it's already too late. You won't be able to afford ramen but the CEOs are now richer
swedeonamoose
As someone who works in a store with a similar deal, ye it totally is the same and some people will let it go out of hand SOOOOO fast.
Snooj
When I worked in collections we'd get the occasional Bankruptcy and as a debtor you got to see a list of all the person's debtors. Most of them were shit like Sears and Pottery Barn but like 50 similar stores.
johnxbear
That's why I've literally never got a credit card. I watched my mom struggle with credit card debt for years so I just said nope.
EroticZombiePants
I haven't had a credit card for many years now. I just use debit cards. The only issue is we likely have a pretty bad credit rating. That basically means high interest if we ever need a loan for any reason.
johnxbear
I'm just operating on the idea that if I need a loan I can't afford it
KWJester49
Sucks, cause credit cards with rewards programs are nice, giving you 2+% of your money back. If you're paying them off as you spend on them it's free money (especially if youre able to pay your rent with a credit card, but lots of places won't do that or charge a fee for more than you'd get back). The trap is people will often not pay off that fast
Sageypie
Which sucks, because not having one screws you over when it comes time to having to use your credit score for anything major. Having some kind of credit card or similar charge account is pretty necessary to show how you can borrow money and pay it back. And not, you know, decades of paying rent and other bills on time without issue, that doesn't count. Just that you accrued debt over and over and paid it back.
Fucking hate that credit scores are a thing.
Xenarion
I only have one because online purchases work better with one, and there's less fees to using it versus a debit card. It still feels stupid to buy on credit when I have the money in bank.
johnxbear
What are you buying that has fees for using a debit card? I have never seen that.
Xenarion
I have a limit for how many transactions I can make each month. Any over the limit has fees.
Is that just a Canadian thing? Banks aren't free. CC transactions are free to the user because the fee is paid by the business receiving the payment instead.
TheBigBadBonerBiter
I have one because sometimes I don't have $2k or whatever in fluid money but I can budget a number of smaller monthly payments even if it means spending marginally more in the long run.
ThouHastNoPizza
I have ones that get cash back at various stores. I also got one when I was young-ish, which makes my credit score look good, which is good for future auto loans, a mortgage, and so on. That being said, I pay them off every week. That way I never have a balance or get interest charges.
EroticZombiePants
The fun part is fully paying off loans lowers your credit score not raises them. Basically they are punishing us for not being good little capitalist pawns in constant debt by hitting us with higher interest rates the next time we need loans because we are in debt again.