Cashless Society: Who's Getting Left Behind?

Takeaways: Did you know that 4 in 10 Americans don't even use cash in a typical week? That's like saying 4 out of 10 people prefer to pay with their phones instead of crumpled bills! In just nine years, the percentage of cashless transactions has skyrocketed from 24% to, well, let's just say, it's a lot higher now! Money is becoming conditional; if you're earning over 100 grand, you're probably tapping your phone, while those making under 30 grand are still counting their bills. Talk about a financial divide! A staggering 5 million American households are without a bank account, and when stores go tap-only, where are they supposed to shop? It's a real head-scratcher, isn't it? We're creating an economy that demands a credit score just to play along; it raises the question of who gets left behind as we rush towards a cashless future. Pretty wild, huh? The real kicker isn't if cash will disappear, but who will be left in the dust when it does. Are we even paying attention before the door closes? Let's chat about it! Links referenced in this episode:JamesABrown.net