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Comment by bootloop | Hacker News Reader

If you think you need this you certainly shouldn't use it.

This is honestly disgusting predatory behaviour which seems to be rampant in Fintech right now. The majority of people they are targeting for this service shouldn't be put in the position to have this available to them.

> right now

lol wut. son, spend 10 minutes reading about payday loans, many of the big economic crashes, shady practices by banks, and crypto. fintech isn't a thing, it's just a way to enable already existing behaviors that finance does all the time; it's always been predatory.

BNPL schemes are (or at least were as of a year ago) destroying Gen Z. This one may be less destructive as it doesn't look like interest rates are a thing, but still. Don't get into the habit of spend ing money you don't have.

Speculation, but the lack of interest rates is probably more destructive. The profit here comes from more usage on Apples cc system rather than some other bank taking the rake. Apple is incentivized to make “spending money you don’t have” as easy as possible - it directly benefits from it - and thus makes it even more appealing with no interest rates.

Is there any data on this? Not trying to refute, just genuinely interested in impact over generations.

QuadPay, Affirm, Apple now, there are SO many schemes going on to entice people who can't actually afford things to buy them with credit and destroy themselves financially. It's very common and your request for data strikes me the same as if you had asked if there's data on whether the Sun shines. It's just so obvious it's mind-boggling to question it.

But buying a MacBook Air can be a best investment if a person want to be a developer or designer. I agree that it's generally bad, especially for wasting for something like fashion or too expensive iPhone Pro.

You don't need an MacBook if you want to be a designer or developer. The premium you pay for Apple products is not an investment.

Need... STUFF!

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