T-Roy

T-Roy

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WE’RE MOVING TOWARD BEING A CASHLESS SOCIETY

TeeRoy's 2 Cents:

  • Are you, right now, living a totally cash free life? No cash? No checkbook? Just your cards, apps and gadgets? 
  • What do you do if you get coins? They’ve gotten to be more trouble than they’re worth, haven’t they? Do you give the coins away? Have you gotten to the point where you just throw them away?


According to the Federal Reserve only 35 percent of all transactions were still made in cash in 2016 -- and that number is on the decline, as people are using more cards, apps and gadgets to buy stuff.

Banking industry insiders say the trend toward a cashless society will continue, but it’s not likely we’ll ever get rid of cash completely, since 7 percent of the U.S. population is still using cash, and only cash. (MarketWatch)



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