How the younger generation view cash.
- Thread starter LVSteve
- Start date
I use a debit card for most transactions but keep emergency cash tucked away in a pocket in my wallet and some more in the bills section of the wallet for spending money. The cash has come in handy a few times when the card readers at the stores have been down.
“Morally Flexible “……….. I like it. I carry a card for convenience but always have walking around money. Zero chance I ever use my phone for a financial transaction.
Some Restaurants and gas stations are now asking if your paying cash. My last Hilton stay 4% was added to the bill.
I assume all purchases will add 4% on the bill for credit at some point. I pay cash whenever I can. It adds up.
I use a CC for so many purchases.. If they want to add 4% or whatever for CC ...I pay with check or cash. I don't have to stop at the bank to withdraw cash...I have cash in the safe at home. I'm sure as hell not putting an "app" on my phone to pay for purchases out of any of my checking accounts. Thieves can bleed you dry in no time..I don't attach a debit card to my checking or anything of the sort. Does no one understand OPSEC? or personal security??. I had to start a checking account for my ebay sales when they did away with Paypal. I keep a minimal amount of money in it too! I pay for the very minimal ebay purchases with a credit card just for online purchases. Call me a Luddite or paranoid but account info on a cell phone is absolute stupidity...in my opinion.
Understand...I do not base my life on a cell phone. I know where I am and where I am going.
Understand...I do not base my life on a cell phone. I know where I am and where I am going.
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I'm just sad that we millenials have passed the torch to the zoomers for the ire of the AARP crowd.
The vast, vast majority of payments at retailers are done by card/card adjacent (apple pay, google pay, whatever) means, and in the last decade or so I can think of two times that I unexpectedly had to pay cash vs. card, hell even craigslist/FB marketplace transaction are mostly Venmo rather than cash these days.
One tourist didn't have cash and had to go elsewhere to get food. A reporter on a slow news day found him, I'm not too worried about Connor not carrying cash being a significant problem the zoomers will face. Hopefully they can at least stay out of the financial hole that is avocado toast, then they're really in for it.
The vast, vast majority of payments at retailers are done by card/card adjacent (apple pay, google pay, whatever) means, and in the last decade or so I can think of two times that I unexpectedly had to pay cash vs. card, hell even craigslist/FB marketplace transaction are mostly Venmo rather than cash these days.
One tourist didn't have cash and had to go elsewhere to get food. A reporter on a slow news day found him, I'm not too worried about Connor not carrying cash being a significant problem the zoomers will face. Hopefully they can at least stay out of the financial hole that is avocado toast, then they're really in for it.
No snarkasm intended but I fail to understand what too much reliance on technology entails. All our financial transactions (income, shopping, bill paying) are done electronically. If I were to use cash I would need a stagecoach, a strongbox and a shotgun rider to move it around.
Almost all of the appliances I own have a keypad.
Earning a Luddite merit badge is something I will never strive for.
I'll take all the technology I can get.
Almost all of the appliances I own have a keypad.
Earning a Luddite merit badge is something I will never strive for.
I'll take all the technology I can get.
Here's what reliance on tech with no backups can do - especially payment processors.
New Mexico Cancer Center impacted weeks after ‘Change Healthcare’ cyber attack
by: Jessica Salinas
Posted: Mar 14, 2024 / 05:25 PM MDT
New Mexico Cancer Center impacted weeks after cyber attack
There's also this:
Lovelace patients struggle to refill prescriptions, contact staff following cyberattack on health system
Megan Gleason, Albuquerque Journal, N.M.
December 1, 2023
Lovelace patients struggle to refill prescriptions, contact staff following cyberattack on health system
Total reliance on tech...
New Mexico Cancer Center impacted weeks after ‘Change Healthcare’ cyber attack
by: Jessica Salinas
Posted: Mar 14, 2024 / 05:25 PM MDT
New Mexico Cancer Center impacted weeks after cyber attack
There's also this:
Lovelace patients struggle to refill prescriptions, contact staff following cyberattack on health system
Megan Gleason, Albuquerque Journal, N.M.
December 1, 2023
Lovelace patients struggle to refill prescriptions, contact staff following cyberattack on health system
Total reliance on tech...
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Luddite has been so embedded in the vernacular that it will forever be a pejorative.
The English economy was in shambles during the Napoleonic wars yet the greed of the aristocracy and brutal suppression of the working class remained unabated until the invention of the flying shuttle. A group of workers under the leadership of a most likely fictional Ned Ludd realized the danger to an entire class of workers in the textile industry and set to destroy the looms with the new tech.
These were people who were not against new technology per se but who were forward thinking enough to realize the dangers to the lives of the workers. Their actions forced business owners to meet with worker representatives and find a middle ground that would protect the worker's families and still allow for profits to be made which led to collective bargaining.
If the term Luddite still meant one who refuses to accept new tech as the be all end all yet embraces the upside I would be proud to wave that flag. One need only to read the many threads regarding technology in this Forum and look at the effects tech has had on society, everything from news media to the publishing and recording industry to self driving Ubers. I'll keep a wary eye and refuse to think it's raining while being peed upon.
What will Gen Alpha do?
Bill Bates
Member
My wife is a cashier for a local retail chain. Some of the young cashiers don't even recognize, or know the denomination, of US coins. They can't count change back. They have grown up in the age of the plastic electronic cashless and paperless society.
On the flips side one of my young grandson with $50 bill in hand recently tried to buy a souvenir in a National Park Gift Shop. They no longer except cash. Gramma's credit card to the rescue. It is ironic that a United States Government Agency won't take its own currency.
I pretty much pay with a card theses days but do keep a few $20 bills in my wallet just in case. The same bills have been in my wallet for years.
On the flips side one of my young grandson with $50 bill in hand recently tried to buy a souvenir in a National Park Gift Shop. They no longer except cash. Gramma's credit card to the rescue. It is ironic that a United States Government Agency won't take its own currency.
I pretty much pay with a card theses days but do keep a few $20 bills in my wallet just in case. The same bills have been in my wallet for years.
Is this what comes after gen Z ????? I’m guessing they’ll be nothing “ALPHA” about them.
They are 11yo already.
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I will always take technology, but also know that quite a lot is pointless for me, so I sift through what is practical for me. I have had a bunch of folks tell me how much I would use a smart device. I can't imagine it. Mostly they mean a phone but with 20/80 eyesight I know from trying to look at map directions say on theirs I need a magnifying glass to attempt seeing anything well. Online verifications where you prove yourself and the captcha looks like letters and numbers were passed through a funhouse hall of mirrors so 2 and Z, 5 and S and similar are a mess, that or pick out of the Finnish sniper out of the snow covered forest.
Use our Delta Airlines AMEX for 99% of purchases. Earn free miles.
That being said, I have $500 stashed in my truck for some emergency.
Keep 4 $50 bills in my wallet. Actually had to use one recently when we were at a bakery getting a cake for my buddys 40th and the card reader went down.
Hate coins. The coins I got (68 cents) from the above bakery transaction went right into the tip jar.
That being said, I have $500 stashed in my truck for some emergency.
Keep 4 $50 bills in my wallet. Actually had to use one recently when we were at a bakery getting a cake for my buddys 40th and the card reader went down.
Hate coins. The coins I got (68 cents) from the above bakery transaction went right into the tip jar.
kamloops67
Member
Use the technology but don’t rely on it
As many have said already , keep ready cash for the times cards can’t be used
In a time when bank accounts can and have been frozen, stolen or deleted do you really want to let someone else look after your nest egg ?
I use a bank and pay my bills through one ,but I don’t keep my savings in there
I don’t think I’m resisting change ,I just don’t trust the government
As many have said already , keep ready cash for the times cards can’t be used
In a time when bank accounts can and have been frozen, stolen or deleted do you really want to let someone else look after your nest egg ?
I use a bank and pay my bills through one ,but I don’t keep my savings in there
I don’t think I’m resisting change ,I just don’t trust the government
Oh man! The voice of logic and reason! I hear you, lihpster. Cards can be convenient but cash is king.
That some can't feed themselves because the system is broken points out a "dire situation" in Seattle now. The effervescent city council voted in a law to benefit gig workers like Ubereats drivers. Increased fees seemed like a good thing to those knuckleheads. The surprise result was that prices went so high that urban dwellers can't afford to have their food delivered. They can't eat! Demand went down, so the gig workers are making even less. They can't eat now either. Econ 101.
Oh, the humanity! What the heck did they do before they had their food brought to them? Cook? Walk to a restaurant? Perish the thought. . . .
I just shake my head and the increasing softness of the US.
The only problem that I have ever had with cash was when I went to pick up a pizza and the guy behind the counter would not accept a $100 bill.
The 50 and 20 stand a better chance at getting broken at my pizza place.
Lots of "Funny" 100's out there, it seems?
The 50 and 20 stand a better chance at getting broken at my pizza place.
Lots of "Funny" 100's out there, it seems?
$12 to get into the gun show yesterday. Had a 20, a single and a dollar off coupon. Before I could hand it to the “boomer” 
he had a 10 waiting for me. 
Could they do that?
he had a 10 waiting for me. Could they do that?
^^^^^^^ no wonder you guys have better luck finding stuff at gun shows. Ours are only $5. You get what you pay for.
