We're in a recession now., page-5

Why do wealthy people with no cash flow issues need either?

In a recession the focus turns to basics like utility bills. Correct me if I'm wrong but I believe Z1P allows you to pay your bills using BPAY. Does APT have this covered? Their periods are much more flexible too. As I said, 4 payments over a month is not going to cut it and certainly not on "luxury" items.

APT's consumer base skews older. Not surprising because the number of 18-35yo's that don't have a credit card and never want one continues to increase dramatically. Young people have seen their parents battle with them and seem to reject the idea of a credit card. So they will have to get credit from elsewhere. Older generations should be able to remember the last recession, the fear I think from APT's perspective is that anyone who knows what a recession means will abandon everything but cash!