|
01-04-2024, 09:24 AM
|
Sage
|
Join Date: Dec 2012
Location: Somewhere over the rainbow
Posts: 15,246
Thanks: 7,661
Thanked 6,297 Times in 3,256 Posts
|
|
Quote:
Originally Posted by spinner1001
Almost 5% of all U.S. households do not have a bank account. Cash transactions are still needed for millions of Americans as cashless is not a practical option for those less well-off folks without forcing them to use prepaid debit cards.
“Consistent with the results of previous surveys, unbanked rates in 2021 varied considerably across the U.S. population. For example, unbanked rates were higher among lower-income households, less-educated households, Black households, Hispanic households, working-age households with a disability, and single-mother households.”
2021 FDIC National Survey of Unbanked and Underbanked Households |
No matter what system there will be scams and counterfeit debit cards. Probably worse with cashless society.
|