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Layaway: enabling people of questionable intelligence to pay more for stuff they can’t afford to begin with

December 18th, 2011 Comments off

Layaway. Once a popular method of making purchases in the dark days before credit cards and the internet, this relic from the past has been making a return in recent years. While several large retailers have always quietly maintained a layaway purchase option, a handful have started to actively promote it (most notably Kmart and Sears). The clearest sign of a comeback is Walmart’s resurrection of its layaway program, just in time for the 2011 holiday season — and much to the delight of the masses clamoring for the return of a Walmart layaway option since 2006 (as evidenced by the hundreds of thousands of signatures across several online petitions!). Layaway is, of course, idiotic.

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Categories: Financial Idiocy Tags: , ,