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A comment on It Ruined Everything’: Buy Now, Pay Later Drives Gen Z into Debt. Parent comment

Re:It Ruined Everything’: Buy Now, Pay Later Drives Gen Z in... by Bilal_io on Saturday November 26, 2022 @11:14PM (#33760256)
Precisely, I only have and use a credit card to maintain my credit score. I don't max i as I don't spend more than two-figure to keep it active then I pay it within 3 days.

The system is designed to obligate people to use credit, and I can see how tempting and easy it is for someone that lives paycheck to paycheck to use their credit card and carry balance.

Edit: I wanted to add. News websites have a habit of blaming gen z for all the different issues but forget to blame the system. Gen z is poorer than previous generations, and that should be highlighted everytime they're blamed

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Re:It Ruined Everything’: Buy Now, Pay Later Drives Gen Z in... by darthrupert on Sunday November 27, 2022 @02:19AM (#33761122)
Every individual success and failure is systemic because individuals are molded by the system. Blaming individuals could be seen as an attempt to fix the system from the bottom.

Fixing the system from the top probably works better for the future, but the current generation cannot be helped like that.

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Re:It Ruined Everything’: Buy Now, Pay Later Drives Gen Z in... by jemmyw on Sunday November 27, 2022 @05:06AM (#33761806)
> News websites have a habit of blaming gen z for all the different issues

They used to blame millennials. It's amazing how little introspection media outlets have.

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Re:It Ruined Everything’: Buy Now, Pay Later Drives Gen Z in... by alkonaut on Sunday November 27, 2022 @12:12PM (#33764553)
Credit scores based on credit card use seems fundamentally broken. Having had a good salary and paid all your bills on time for decades should of course count as being financially responsible and creditworthy. Luckily I think only the US has this system?
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Re:It Ruined Everything’: Buy Now, Pay Later Drives Gen Z in... by Bilal_io on Monday November 28, 2022 @09:35AM (#33774060)
> Credit scores based on credit card use seems fundamentally broken.

The thing that makes me angry is that I am not interested in their money, credit is still needed even when installing internet at my home (looking at you AT&T), where the bill could be prepaid instead, but they could still reject you and charge a high deposit. It's beyond ridiculous.

> I think only the US has this system?

I think so. And I hope no one gets "inspired" thinking the US is perfect and copies the same system in their country.

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