Yorkshire09876
Member
From what I gather, the practice is not to 'afford' the balloon payment but just enter into a new lease (for an even bigger/more expensive? car). Then they complain about the 'cost of living' crisis and the fact that they have no spare money in their pocket and how the country is going to the dogs......
A lot of people do seem to enter into unnecessarily expensive contracts for things. Through work I have seen people who I know won't earn large salaries, but they have top of the range iPhones - probably acquired as part of a contract which they will be paying a hefty monthly charge for (and buying phones as part of a contract always works out more expensive than buying up-front and getting a SIM only contract, when worked out over the life of the contract - but people tend not to do that calculation in many cases!).
As regards Labour, I no longer have any confidence in them at all. At the last election we had a good local Labour candidate, but for the first time in quite a few years I didn't vote Labour as that would be a vote for Starmer and his crew, who I expected to be poor and they've been even worse than I expected.
What is really needed to shake things up is a new centre-left party which isn't bogged down by an obsession with identity politics; i.e. a party on the left to challenge Labour in the same way that Reform are challenging the Tories on the right. The only reason Labour got a sizeable majority at the last election was because the opposition vote was split.
I don't see much likelihood of anything changing though, unfortunately.

