Cash and Money!

DoChenRollingBearing

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I yesterday read an article that had two interesting factoids:

1) There is less than $800 billion in actual CASH (US dollars) out there in the world (I did not notice if they wrote that approx. 1/2 is outside the USA in $100s).

2) The average household has less than $300 in actual cash, long green.

***

So, if there is a "Bank Holiday", those without CASH are going to have problems paying for stuff. ATMs would be shut down for sure. Credit cards and checks? Hmm...

Got CA$H?
 

69mach351

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I yesterday read an article that had two interesting factoids:

1) There is less than $800 billion in actual CASH (US dollars) out there in the world (I did not notice if they wrote that approx. 1/2 is outside the USA in $100s).

2) The average household has less than $300 in actual cash, long green.

***

So, if there is a "Bank Holiday", those without CASH are going to have problems paying for stuff. ATMs would be shut down for sure. Credit cards and checks? Hmm...

Got CA$H?
That does not shock me one bit. CC/Debit cards are too easy to use and a lot of people rely soley on them.
 
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