Are you honestly expecting everyone to save for holidays, unforseen bills, education, family costs, healthcare, maintenance, basically everything and only borrow for a house/car? In what world is absolutely everyone on an income/position to do that???
For a lot of people, the money would come out faster than it's going in... might as well tell 18yr olds starting out in the workforce on minimum wage to put their whole pay into savings. Hey people in your 20s, save for everything life may throw at you, pay your rent and bills, put together the 20% house deposit to avoid LMI, and what little is left over per week is all you'll have to enjoy your lives, and be assured any misery will be offset by the fact you didn't succumb to APT or a CC... but luckily you are all earning over $70k.... oh, wait.... Single mother and been hit with a 3rd bill this week, which has depleted your pay cheque, you dipped into your savings again to cover the mortgage, and there's not enough left over to cover all the stuff the kids need this fortnight? Well tough, you'll just have to sit tight for your next pay cheque, because apparently there's no need for any upfront borrowing in the short term, as you should have been saving more/better.... Hey Mr 75yr old Retiree, don't even think of using APT to cover your car repairs for now, no need to as the weekly pension amount is enough to cover all these things, and I'm sure you can walk everywhere until your next pension payment.
APT/BNPL is not just about millennials buying junk for instant gratification, or people buying "useless cr*p".
APT Price at posting:
$29.65 Sentiment: Buy Disclosure: Held
