Tap, Swipe, or Count: The New Rules of Money in America
Takeaways:
- Did you know that 4 in 10 Americans don't even use cash in a typical week? That's wild!
- In just nine years, the number of cashless transactions has skyrocketed from 24% to where we are now!
- Money is evolving into something conditional—if you earn over 100 grand, you're tapping your phone, but under 30 grand? It's bills all the way!
- Our economy is starting to require a credit score just to participate. How crazy is that?
- 5 million American households are without a bank account, and that raises some serious questions about access!
- The big question isn't if cash will disappear, but who will be left behind as we move forward. Let's wake up and notice!
Links referenced in this episode:
This podcast uses the following third-party services for analysis:
Podcorn - https://podcorn.com/privacy
Transcript
This is the Daily Note.
Speaker A:I'm James A.
Speaker A:Brown.
Speaker A:4 in 10Americans don't use cash in a typical week.
Speaker A:That was 24% just nine years ago.
Speaker A:Money itself is becoming conditional.
Speaker A:If you make over 100 grand, you tap your phone.
Speaker A:If you make under 30 grand, you count bills.
Speaker A:The system isn't just going cashless, it's sorting people.
Speaker A:5 million American households have no bank account.
Speaker A:When the store goes tap only, where do they shop?
Speaker A:When parking needs an app?
Speaker A:Where do they park?
Speaker A:We're building an economy that requires a credit score to participate.
Speaker A:The question isn't whether cash disappears, it's who gets left behind and whether we'll notice before the door closes.
Speaker A:What do you think?
Speaker A:Let me know in the comments on JamesABrown.net, on that note.
Speaker A:I'm James A.
Speaker A:Brown and as always, be well.
