The Dangers of Alluring Layaway Plans

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book.jpgChristmas "layaway" plans go back to the Great Depression, when retail stores wanted to keep low-income shoppers. Credit cards put an end to all that but this year, "layaway" is being revived in a big way by Walmart, Sears, Toys "R" Us and many others. Louis Hyman is Professor of Labor Relations, Law and History at Cornell University. He's author of Debtor Nation: The History of America in Red Ink.

Credits

Guest:
Louis Hyman - Cornell University - @louishyma

Host:
Warren Olney

Producers:
Christian Bordal, Karen Radziner