Are Americans actually getting loans to go to concerts? Wtf

Are Americans actually getting loans to go to concerts? Wtf

most likely young kids. I’m sure it’s giving them access to concerts they otherwise wouldn’t be going to. nothing wrong with that.

Americans are getting loans for doordash

might as well if we're fucked anyway

recession indicator

WHEN WILL THEY SAY WE'RE IN A FUCKIGN RECESSION? WE ARE IN A FINANCIAL CRISIS, A SOCIETAL CALAMITY. JUST FUCKING SAY IT!!! STOP LYING TO ME YOU MOTHERFUCKERS!!!!!!!!!!!!!!!!!

It’s a stupidity indicator

Does a credit card count as bnpl? Why would i pay with cash?

Probably services like Klarna and Afterpay, I see them everywhere now. Clothes, groceries, vacations etc

I use buy-now-pay-later if it's 0% interest and has no impact on my credit score at all because it's literally profitable to do so. Of course 1 item isn't going to make a difference but over time if you're not using that thing you're just throwing away free interest.

Yes, it's a reasonable point. On the other hand do I forego credit card rewards? Because I get 4% back on everything with the US Bank Smartly visa, and the 30 day float+ 4% rewards is going to reasonably exceed 0% loan returns for anything short term

I wonder how that goes after you get a loan for a $15k weekend in a cabana at coachella, they cant really wipe your memories. Kidna based if the zooms fuck em over

I do this for airplane tickets
These were probably bought several months in advance like most trips
Why should i eat the full cost when i can sprinkle it through multiple paychecks, this is a nothing statement and is smart

Tickets used to never be expensive....then Ticketmaster FUCKED EVERYTHING UP!

Gone are the days where you could write a letter to the band's box office and get sent mail order priority tickets. I've only heard stories, but paying $15 cash via envelope for a 3 day weekend of Dead shows sounds like the glory days are behind us. Now my peers are financing $600 one night tickets to the Sphere... where's the love

Brown people that just never pay back their loans and then declare bankruptcy when they get it up to like 1 million dollars and get no repercussions because they are brown and just repeat the process or just go on welfare and enjoy being neet

You can finance dominos pizza

Poorfag

ok to be fair coachella isn't a regular concert. it's like a 3 day long music festival and the tickets are like $1,300 that's before flights, hotels, food and all the other shit.

Let me wreck my future so I can listen to jungle beat degenerate in person

weeee

I'm box office pilled now
Most big venues in an area are owned by the same company so I can go to a venue box office in Baltimore to buy tickets for a DC show
Tickets are so cheap, you just gotta go slightly out of your way to get them

I can't believe how much dead and Co are charging people.
I saw them on their final tour 2023 and it was expensive for shitty seats.
$75 t shirt merch and all. How much more rich does Bobby need to be on his deathbed?
At least phish still has reasonable ticket prices and they're all still millionaires

Why do people even like concerts? Much less these "festivals" where you live like a refugee

Unpopular opinion: if you can't pay for fun stuff with cash then you can't do it

It puts you in an environment with people that have the same shared interest as you. It's an easy way to make friends or find a gf because you already know you will enjoy time together due to liking a specific genre and artist.

What's wrong with that?

If you say financed instead of credit it's for some reason bad.

Nothing imo. It's most likely college kids with part time jobs that can't afford to drop the full amount at once but if they buy the tickets 3-4 months before the event they will make that amount over time and pay it off in time.

Why the fuck would you not do credit card or 0% interest pay later when buying stuff? I do it all the time with electronics and clothes.

Points is better in that case. The guy you're replying to only makes sense if you're going to pay for it anyway and won't get nothing out of it and you can put that $500-1000 you "borrowed" on short term treasury bills or CDs

Same reason boomers love cruises, everybody is generally gathered for similar interests, you get to see multiple artists, meet new people, do activities and experience things with others. Although nowadays it has been more and more commercialized, with social media influencers, advertisers, and shitty merchants.
Also it’s really easy to find drugs.

Using a interest free loan service is.. LE BAD AND FOR THE POORS!!!

You know who loves free handouts? People who arent poor because theyre not retarded moralnignogs. You take what is given to you and use it

go into debt for a few hours of fun

That is not even the most messed up thing I have heard about you people. Is it true that you order delivery pizza in installements?

60% sounds really fucking high.

Yeah, I do this occasionally if I need something expensive.
People act like it's normal to take out car loans at 20% API. Doesn't seem like a big deal for me to order a new computer and split it over six $200 payments instead of one at $1150.
Especially if I'm trying to keep every penny in BTC or something because I'm expecting a pump.

America is an import economy retard, we're supposed to be in debt

America is a very diverse place.
Black people and white trash are probably doing that.
If lenders know they can play these games and people will do it, why wouldn't they?
No, the average person is not doing installments for ordering a pizza.

Why does this board think debt is so bad lmao? When you die it literally disappears. Stop worrying so much aboit it.

Most coachella tickets can stretch into the thousands, if its a young 20 something who pays rent which is Coachellas main audience to appeal to besides trust fund babys, its not really that surprising

I wonder how little of those loans is actually going to get paid back

Whenever Europoors, BRICSshits and ESL tards get confused about why their broke ass countries absolutely need the American consumer to function and why we thus have all the cards in negotiations, be sure to show them this picture.

((( )))

the average person is not doing installments for ordering a pizza.

They actually are lol. You seem to think the average person is a middle class 35 y/o 115 IQ male making about 90k/yr. When the actual average person in the US is a 100 IQ single mother making $18/HR and doing doordash on the side.

I saw dead and co at bonnaroo 2016 and there was so much crime in the crowd it bugged me out.
Half the people were tripping, some guys were just straight up stealing people's phones and belongings, I was on cocaine by myself observing everything it was fucked

ticketmaster are greedy fucks times the Jew and I don't even understand why they even exist. Why not just order tickets from the venue?

Buy now pay later loans are getting very aggressive. See , a credit default is looming.

they need the broke us consumers credit

There's never going to be a credit default retard, America is an import-based economy, we just sell our debt to other countries.

The clock is ticking and even gold won't save you.

Modern Monetary Theory bitch, money is infinite

this is bullish for the next few years till everyone is broke

So is inflation

So long as we sell that debt to other countries it doesn't affect us

based i live on debt too

You seem to think the average person is a middle class 35 y/o 115 IQ male making about 90k/yr

The average white guy is

What happens when they stop buying our debt?

it shouldn’t be that expensive

every stupid kid using klarna now is almost guaranteed to rack up credit card debt they can't pay off later

If you're not shorting subprime burrito lending right now I'm afraid you're NGMI

How is it any different from credit card?

They'll never stop buying our debt because it would mean their entire economy would crash.

its actually financially smart just to keep the money in a money market account for a 0% interest loan

Lel, it’s economy 101 to make use of reduced payments terms if possible, be it in a business situation or privately.

If you're not retarded you pay off your credit card every month and use it like a debit card

china and japan both showed they are okay dumping debt very recently, dude

The average American has outstanding credit card debt

The average American credit card interest rate is 24.23%

Let that sink in.

Because we stopped buying their exports because Trump is a retard who doesn't understand that America being a consumer economy means our debt is functionally non-existent so long as we continue to consume.

So the exact same as Buy Now Pay Later?

I can think of worse things. People pay $5k for a prostitute, much better to spend $1k to bang some rave slags on coke.

ridiculous shill bots

America is an import based economy, this is normal. Trying to move away from that like what Trump is doing is what's causing the stock market to crash.

The average white guy is

Nope lol. Average for a white guy is 69k/yr.

Wahhhh shouldn't be that expensive

I hate retards that say this especially on a business and finance board

What is price equilibrium? Retard

Government keeps saying we aren't in a recession when people can barely afford groceries

Salaries are stagnating across all sectors while housing prices keep going up and the "fuck you got mine" mentality is all over the country; Middle class doesn't fucking exist anymore

The country is divided across geographical, racial and idealogical lines with the most fanatics being in such a rabid frenzy they are praying for war to kill the other side

People aren't just living paycheck to paycheck, they are actively taking loans for useless vanity shit like concerts and UberEats

Everyone is angry and miserable, sensationalism is at an all-time high, and smartphones and social media are completely rotting the mental faculties of several generations

Government bonds, one of the most stable investments in history, are suddenly being dumped as more people are taking their money out of the system

Young people are increasingly alienated and isolated from each other, with mass school shootings being so common they barely even get reported on anymore

Big cities are crawling with drug addicts

unironically what do you think will happen in America in the next ten years

I went to Coachella in 2013 and had sex had sex like 4 times and one was a threesome with one of the girls on acid. It was a good investment at the time

Breh drumpfs losing control of congress in like a year and wont have budget power anymore, shits gonna be fine
American presidencies literally last like 2 years in reality because congress just makes the executive useless when the opposition regains control

Up next in the land of liberty: nintendo switch 2 loans, fortnite skin loans, pokemon card loans

How does that wreck your future? Are you a fucking retard?

Sometimes my bank sends me advertisements to take out a loan for a vacation. So probably.

feels weird but i guess they can afford it somehow. surely they wouldn't be allowed to borrow money if they didn't have a way to pay it back?

well since you eventually have to pay it anyway, how do you know that the due date will be better for that than today? its far in the future so you can't know if a once in a lifetime opportunity comes just when you would have to use your money on that big bill

Why is it so hard to comprehend for amerimutts? You are literally the only country on earth where it's the norm to buy stuff you can't afford. I don't even know how to take a loan, never needed one, never will (yes i plan to pay my house 100% in cash), and i don't know any relative you ever took a consooming loan. Hell, credit cards don't even exist here, it's only debit.

he doesn’t understand import economies

Europeans do the same stuff

surely they wouldn't be allowed to borrow money if they didn't have a way to pay it back?

how are banks not collapsing if they are giving out free money

Spend $100 with a credit card, 0% interest

Already have $100, put it in a FTD

After a month get $101 from the deposit and pay the $100 of the credit plus a $1 free

Are there people who DON'T do that?

wow u had sex? tell me more

But i'm european...

its a lot more difficult to get credits and loans as a eurocuck. you need to have a job or most places will reject you automatically and you need enough income too if you want to apply for a credit card. sounds to me like in usa you get this stuff like candy but here they don't give them to just any random nog

Yes?

As long as you're not going beyond your means debt/credit is a great way to increase your money.

You're not too stupid to budget properly, are you anon?

Tickets for american festivals are so fucking expensive and the festivals are shittier than what we have in europe. I feel bad for americans.

every retard that i knew that went to that stupid shit was a nigger brained faggot. half of them literally came out as gay after their minds had gotten fried from listening to niggerbabble music while on acid and molly

feels weird but i guess they can afford it somehow. surely they wouldn't be allowed to borrow money if they didn't have a way to pay it back?

Anon...

He'll deregulate banks some more so they can come up with creative new debt instruments, then a few years later he'll bail them out.