Well, I didn’t really see this one coming, but times are strange right now. Earlier this month I wrote about making your own layaway plan, but I figured that was for bigger expenses than pencils and paper. But it turns out that times are tougher than some might even be letting on, and families are now putting things like notebooks, magic markers and pencils on layaway plans. From MSNBC:
A record number of shoppers, shut off from credit and short on cash, are relying on Kmart’s layaway program to pay for all of their kids’ school needs, said Tom Aiello, a spokesman for Kmart’s parent Sears Holdings Corp. Layaway allows shoppers to pay over time, interest- free, and pick up their merchandise when it’s paid in full.
Although I would rather see layaway used for purchases than see people pile up crazy debt on credit cards, I do find it sad that school supplies are not available to those who cannot afford them. After all, this is education we are talking about – and seeing families struggle to buy paper and pencils just isn’t right.