With Christmas only a few weeks away, people all over New York and across the nation are heading to area shopping malls to purchase gifts for family and friends, and to take advantage of sales that they believe are simply too good to pass up.
Interestingly, recent reports indicate that many Americans who are struggling to make ends meet in the still recovering economy and/or who are wary of accumulating too much credit card debt are now turning to a decidedly retro financing method while doing this shopping.
Specifically, many of the nation's largest retail chains are now offering shoppers the opportunity to take part in layaway plans.
For those unfamiliar with layaway plans, they typically enable shoppers to purchase items over the course of time, meaning they don't have to pay all at once. While layaway plans don't let shoppers actually take the items home with them until full payment has been made, they do keep the items off store shelves in the interim.