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A comment on 'Buy now, pay later' is sending the TikTok generation spiraling into debt. Parent comment

Re:'Buy now, pay later' is sending the TikTok generation spi... by shakna on Monday May 09, 2022 @03:45AM (#31311609)
The very phrasing, "buy now, pay later" is predicated upon the implication that it provides a benefit without a negative.
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Re:'Buy now, pay later' is sending the TikTok generation spi... by LigmaYC on Monday May 09, 2022 @04:48AM (#31311914)
Where does it imply a benefit without a negative? The "pay later" part is clearly stated
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Re:'Buy now, pay later' is sending the TikTok generation spi... by shakna on Monday May 09, 2022 @05:05AM (#31312002)
"Pay later" is a benefit, to the audience we're discussing, as it means "not now".

Young adults actually have processing problems over impulse control [0], and so cannot see any drawback to "not now" - in fact they likely do not have a way to fully conceptualise that something will occur in the future.

All "buy now, pay later" translates to is "instant gratification", nothing further.

[0] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2964271/

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Re:'Buy now, pay later' is sending the TikTok generation spi... by LigmaYC on Monday May 09, 2022 @05:16AM (#31312072)
Lacking impulse control does not mean that the entire concept of "pay later" is a scam.
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