I love that you're only using anecdotes to support your point, and that's enough to "disprove" someone's theory, at least to you. Especially when your anecdote is purely based on employed people, and there are now 1 million (mostly young, afterpay age) people unemployed in Australia and 20 million in the US.
In your work "in this space" at a bank, do you ignore your credit risk models and say, "my wife and I, and a few friends, still have no issues in paying back our debt. This disproves, to me, that other people won't have more issues paying back their debts."
The fact is, Afterpay's models have no idea if a customer becomes unemployed. It only knows if a customer is bad or good, and that's only after the fact. What's to stop a previously good, employed, customer racking up a $2k debt with afterpay and not paying it back once govt payments run out? 5% of those nearly unemployed in US and bam $2b in bad debts. Unlikely scenario but still, non-zero possibility.
Personally, I am unemployed, and still have a $1500 instore limit with Afterpay. I received jobseeker + supplement this week and will continue getting that every fortnight, so I'll be good until October
