Like most of the people here, I know that most rent to own schemes are a rip off. But there a couple of things to note about the article:
1) the author’s assumptions about what the average person pays for household goods
2) the lack of emphasis on the importance of thrift— the lower you go down the income scale, the more important it is.
Going up it too.
Somewhere I've got a picture I took of an orange Lotus (very expensive car) at the Taco Bell drive-thru. You don't accumulate a lot of money for luxurious items by squandering it all on crap.