Saw this news story this morning:
What do you reckon? Will we ever become a mostly cashless society?
What do you think about the points highlighted in the report that argues cash is important:
- Struggles in rural communities where alternative ways of paying would be affected by poor broadband or mobile connectivity
- Difficulties for some people with physical or mental health problems who find it hard to use digital services
- Rising debt levels, owing to budgeting being easier with cash
- Lost independence for those who use cash as a lifeline when in difficult or abusive relationships
- Higher prices for those who are unable to benefit from online services or direct debits
Just interested to hear everyone’s thoughts