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NJ’s struggling parents may be sad Walmart ditched vacation lay-off

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For years, struggling New Jersey parents have filled their children’s Santa Claus lists by taking advantage of Walmart’s vacation layaway program.

From late August through December, shoppers could buy layaway toys and pay a little at a time until the item was paid for just before Christmas and picked it up from the store. This ensured that the toys would be there without having to pay for everything up front.

No more. The retail giant removed the layaway program this year. A single store in the country no longer does this.

Instead, there is a program called “Affirm” where you can buy the item and have it right away while paying it back over a period of 3 to 24 months for a price.

Gee, kinda like, I don’t know, put that on a credit card? I guess for those who are struggling to the point that their credit is low enough that a credit card isn’t an option, Walmart thinks they’re doing something big.

“We have learned a lot over the past year as the needs and buying habits of our customers have changed. This past holiday season, we removed seasonal layaways from most of our stores with the exception of some jewelry items in some stores, and based on what we have learned, we are confident that our options payment solutions provide the right solutions for our customers, ”Walmart said in a statement.

So, for toys, jewelry, housewares, video games, musical instruments, baby items, and tools, you can apply for a loan and pay 10-30% interest. But the fact that there aren’t any late fees, annual fees, or prepayment charges is supposed to give you a vacation glow.

I feel bad for the struggling families in the Garden State who have used the layaway in recent years to bring some Christmas magic to their children. I think the interest rate is going to be a deciding factor for many families. It is their business and they are allowed to run it as they see fit. But you know there will be children who will have less now.

In recent years, mysterious benefactors have secretly paid huge Walmart layaway bills to New Jersey families to help complete strangers at Christmas. Here’s just one example from 2017 where a mysterious Santa Claus paid the layaways for over 200 New Jersey families. It totaled over $ 40,000.

It’s good to see that there are still some nice people in this world even if they aren’t in a corporate boardroom.

The above post reflects the thoughts and observations of New Jersey 101.5 talk show host Jeff Deminski. All opinions expressed are those of Jeff Deminski.

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