2026-04-01 19:44 UTC
Payday loans already do this.
Replies (2)
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@Doomsider@lemmy.world 2026-04-01 22:07
With an average annual percentage rate of 390% - 900% !
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@Modern_medicine_isnt@lemmy.world 2026-04-02 14:59
True. But in theory, those are for people who have jobs. And technically that's a loan. I am surprised that we don't have private unemployment insurance, where like health insurance you pay into it even when not collecting. I believe in most states everyone pays into unemployment insurance that is run by the state. But since it is state run, it doesn't cost much. If they privatize it, the cost will have to go up. So they are missing an opportunity. Which capitalism doesn't tend to like. Thus my suprise.