Layaway Becoming A Popular Option For Shoppers
Via: News14.com
As more people try to climb out of debt, putting gifts on layaway is once again gaining popularity.
The purchasing option wasn’t used as much when the economy was strong, but now it’s making a comeback at many stores. Kmart has expanded its program.
Officials say one of the big advantages to using layaway for big ticket items is it allows customers to lay off the plastic. The National Retail Federation says more than 40 percent of holiday shoppers will rely on debit cards this year, up 20 percent from five years ago.
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