To the Point
The Dangers of Alluring Layaway Plans
Christmas "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.
By Warren Olney • • 1 min readChristmas "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
.
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The full episode
1 of 3Is There Such a Thing as Internet Privacy?- 0:00The Dangers of Alluring Layaway PlansYou’re reading this
- 6:34Is There Such a Thing as Internet Privacy?
- 41:19Annual Cost of Keeping One Prisoner at Guantanamo