Retirement Advisor: Countercultural Cash

A novel piece of financial research put out by the Asian Development Bank seeks an explanation for an unexpected growing global demand for cash. The paper does not discuss retirement per se, but inspired thoughts of an advantageous approach for retirement savers. This podcast (6:41) argues that use of old-fashioned cash could discourage spending, serve as a budgetary monitoring tool and facilitate securities purchases at times like the present when stocks are falling.Learn more about your ad choices. Visit megaphone.fm/adchoices