While cities, states, and countries have many more cashless transactions because of the pandemic, there is a downside.
Hershey’s Breath Saver mints and the U.S. Mint have both contributed to the coin shortages problems that the Federal Reserve is trying to solve.
Worried about contaminated currency, monetary officials have quarantined cash and limited its circulation during epidemics.
When millions of jobless individuals cannot pay the rent, they initiate a ripple of nonpayments that touches many people and businesses.
In the past, and now, when there is political and economic uncertainty, we’ve had global demand for U.S. $100 bills increase.
When it announced its $13 billion deal for E*Trade, Morgan Stanley reminded us of the reason it was created during the 1930s.
Economic anthropologists focus on the human side of money when they see us now and in the past, as individuals, as families, and as one world.
Whether you depend on cash or non-cash transactions can depend on whether you are young or old and the country where you live.
For many different reasons, the savings rate for our nation and the cash we stash under our mattress can vary considerably.