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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 Loveaway on Saturday November 26, 2022 @11:44PM (#33760465)
It's unethical to offer much credit to young people though.

Many around ~20 don't have a sense for financial responsibility yet, and will rack up debt without being aware of the consequences.

Banks & Co. couldn't care less though, a young person in debt will have all its life to pay up, so why not just shower them in money.

[ Parent | on HN ]
Re:It Ruined Everything’: Buy Now, Pay Later Drives Gen Z in... by schlauerfox on Sunday November 27, 2022 @01:31AM (#33760900)
Then banks are deeply unethical if my college campus is any gauge with tshirt giveaways for signups with cool young people smooth talking the freshmen. Not to mention the student loan industry cruelty.
[ Parent | on HN ]