This business of a “cash free society” is a total pipe dream. Though certainly less popular today as it was even five years ago, cash will never completely go away.
So long as there is a need for anonymous transactions, cash will remain the ‘go-to’ choice for many. Also to be taken into consideration are power outages, trouble getting credit, and general distrust of the credit and banking industry.
Cash is King
I know a guy who pays for everything in cash. If he can’t pony up the cash for something, he’ll either save up, or he’ll do without. He always says: “I don’t trust the banks as far as I can throw ’em, and those banks are pretty big.”
Another dude has real bad credit, and this one guy I know thinks the credit card companies are tracking us, like Big Brother! He’s a bit of a psycho, but who knows? He might be getting the last laugh here soon enough.
The bottom line is that, no matter what they want you to believe, we’re never going to be a cash-free society.
by Stavros “Stolli” Capleton
Residential Life Magazine