Way back in the days before credit cards, if you didn't have the money to buy something, you could put it on layaway. With diligent payments, the desired item could be yours as soon as the final payment was made in full. Discovering that consumers saving up for things and paying cash was counter-productive to a culture of impulse shopping and entitlement, most stores gradually discontinued their layaway programs over time. Credit cards and store cards became the preferred payment method.
Read More »