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Ok, my buddy told me this (as i hardly watch TV anymore---). BUT, I HEARD THAT "Kmart is leasing Toys" for this Christmas season.
"Wat did he say???"
That's right!
Now, what does this mean?
-the working poor can't even afford to purchase toys for their kids
-the working poor are spoiling their kids
-the working poor are not smart buying things they can't afford
-Big Corps are now targeting the working poor and sucking the blood right out their veins
I SERIOUSLY doubt that on a "lease to own" toy purchase, many of them will have to give BACK THE TOYS or, will end up paying 3 times the original costs of the product.
It's probably the same scam as rent to own tv appliances electronics or furniture. Have you read those contracts and the fine print on those things? Holy Jesus talk about loan sparking. You'll crap bricks of you see the rates. Personally I can't believe those places stay in business. But lots of people have no clue how to save and rely on these financial traps.
Ok, my buddy told me this (as i hardly watch TV anymore---). BUT, I HEARD THAT "Kmart is leasing Toys" for this Christmas season.
"Wat did he say???"
That's right!
Now, what does this mean?
-the working poor can't even afford to purchase toys for their kids
-the working poor are spoiling their kids
-the working poor are not smart buying things they can't afford
-Big Corps are now targeting the working poor and sucking the blood right out their veins
I SERIOUSLY doubt that on a "lease to own" toy purchase, many of them will have to give BACK THE TOYS or, will end up paying 3 times the original costs of the product.
Interesting. I think a lot of their clientele are the same type who use lease to own appliances and furniture, so they may have really tapped into something there. I will have to watch them and see if this last ditch effort to keep afloat actually works.
I didn't seen anything there that made it look like businesses are forcing anyone to do this. It would appear to be something people can choose to do or choose not to do, all on their own. Did I miss something?
Sort of like Christmas layaway but it doesn't take up storage space at the store?
Probably better for the poor than their usual practice which is to use the December rent money for presents and then have to fight off eviction because they didn't pay the rent.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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The thread title is a bit misleading, not that many "toys" are going to be over $150. From the link this definitely appears to be aimed at the consumer who would normally be buying appliances and electronics for the holidays, as many people get a new stove, refrigerator or TV before having all of the family and friends over for holiday celebrations. I'm sure there will be some people buying electronics as gifts, but other than maybe a kids electric car, most toys will not qualify for this program. Kmart.com
My household income is far above working poor status, some would even say I'm solid middle class, but my kids have never received $150 in total toys on a holiday, let alone a single toy valued at more than $150.
I could see a bike (we buy used, but I can see not having $50 for a used bike and instead leasing a $200 bike), but not much else.
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