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Parenting Pointers 1129 - Will bank buildings become obsolete? episode artwork

Nov 20, 2020 1 min

Parenting Pointers 1129 - Will bank buildings become obsolete?

from The Dr. Claudia Show Hosted by Smilecom Media

Will bank buildings become obsolete? Most Americans think bank buildings will become a thing of the past in the near future. Why? The digital age has revolutionized the banking industry. About 27% of Millennials, ages 23 to 38, have never been in a bank and make all of their transactions electronically. Not only can business be conducted fast and easy, but all of the records are online. No more paper chase. It’s not just the Millennials that think banks are quickly becoming a thing of the past. Nearly 70% of Baby Boomers believe that brick-and-mortar facilities are outdated. We’re quickly becoming comfortable about not having a physical building in our neighborhood. Banks and tellers may not disappear for a while yet, so enjoy while you can. And, start educating yourselves about the values and risks of online transactions. Don’t wait ‘til your local bank is a pile of rubble.

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