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Growing up my mom used layaway programs to keep us in clothes and provide toys...etc. I think these types of programs went away because of the way people are with the "must have it now" self control. You see people ringing up huge debt for things they don't really need, paying a credit card bill for items you don't even use anymore 12 months later.
I think that if people used layaway programs still you'd have substantial less debt and consumer waste as it gives people a chance to think about the purchase fully instead of the impulse.
I have never used one myself now but I don't buy anything really without saving for it. If I can't pay cash then I can't afford it. (not including a house/car)
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