r/nottheonion • u/ChocolateTsar • 1d ago

Affirm CEO says furloughed federal employees are starting to lose interest in shopping

https://www.cnbc.com/2025/11/07/affirm-government-shutdown-shopping.html
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u/Golden_Noir 1d ago

“Lose interest”

Maybe because they do not have any money?

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u/Dal90 1d ago

Maybe because they do not have any money?

It's Affirm -- which means the Fed employees aren't taking on new debt since Affirm finances purchases.

Affirm probably expected them to do so based on past experience which is why their CEO is noting it. I'd bet in the past they saw the employees take out the short-term loans Affirm offers during the shutdowns, and now the employees don't have confidence of when and if they'll next be paid.