Cash Comeback: Number of Physical Payments in UK on the Rise

[Tall Timbers]

Economic changes and the movement to push back against total digital surveillance of daily life by using cash rather than cards to buy things appears to be having an impact, with cash transactions rising for the second year in a row, industry says.

Debanking activist and Brexit leader Nigel Farage has long beat the ‘cash is king’ drum on the importance of not allowing digital transactions to totally dominate everyday life as a protection against banks being able to arbitrarily turn off the ability of individuals to make payments if, say, they have the wrong political views. The view that cash still has utility appears to be permeating, as the British Retail Consortium states cash use has just risen for the second year running, starting a slow fightback against decades of decline againgt cards.

Near a fifth of all transactions in the United Kingdom last year were with coins and notes, 19.9 per cent, up from 18.8 per cent in 2022. Card remains dominant, making up 75 per cent of transactions, with cash having fallen hard from as many as half of all transactions as recently as 2013.

Cash Comeback: Number of Physical Payments in UK on the Rise

Economic changes and the movement against total digital surveillance having impact, with cash transactions rising for the second year.

www.breitbart.com

 

[Tall Timbers]

People are pushing back at the globalist agenda whether or not they realize they're doing that. Even so, globalists will have their way for a short time.

 

[Batman]

I like cash but sooner or later the greed and power mongers of this world will get their way so that everything is tracked, taxed, etc.

 

[Margery]

My mother in law believed that a person should always have some cash on hand to survive a few months. She also believed that one should always have a lb of gold in hand.

I agreed with her view (and her reasons) but I don't have the gold stash.

I do have a certain amount of mattress money in case we had to evacuate due to local forest fires or the bank was ailing in some way. Bank machines and card readers at the grocery or gas station go out often enough that this is just a sensible precaution, and when the fires happen, they cause power loss so always drive on the top half of the tank, and have enough cash that you can access living expenses for a while if the bank fails or you get evacuated.

 

[Tall Timbers]

I agreed with her view (and her reasons) but I don't have the gold stash.

I almost bought a bunch of silver coins once. I thought using silver would be less problematic than the higher valued gold. But I didn't and I'm glad I didn't.

I keep money on hand for unexpected difficulties. I'd be able to pay the biĺls for 2 or 3 months with cash.

 

[Ghoti Ichthus]

It's sad watching cashiers trying to figure out change, even when the register has indicated how much to give to the customer.

Money/change used to be taught in 1st and 2nd grades.

It used to be that people with a primary school education (K-3 or 1-3) owned and ran businesses. Education, even if only through 3rd Grade, used to be a "luxury" accessible only by middle class and wealthy, although it taught skills and knowledge important to individuals, business, and society. Now, primary and secondary education (K-12) is compulsory/a "right," and it very often doesn't teach much of value, but it does include quite a bit of anti-God, PC, and disgusting propaganda, perversion, and lies

 

[Tall Timbers]

In all my volunteering I thoroughly enjoyed teaching 1st graders about the values of coins. The biggest obstacles was getting those young minds to accept that the tiny dime was worth 2 nickels or 10 pennies.

 

[Ghoti Ichthus]

In all my volunteering I thoroughly enjoyed teaching 1st graders about the values of coins. The biggest obstacles was getting those young minds to accept that the tiny dime was worth 2 nickels or 10 pennies.

As a kid learning money, my biggest confusion was silver dollars vs paper dollars.
Coins were less than bills, except that big, heavy coin was the same as a dollar bill

It was fun sorting through change, though. Lots of different pennies (Indian Head, steel, Lincoln, and Canadian). The Canadian money was worth less, so we learned about exchange rates and how it changed daily/weekly while learning about coins and bills. Rates didn't change as fast when I was a kid, so it was easier. The daily rate was printed in the newspaper with all the stock, commodity, bond, etc. prices, puts, calls, margins, etc. We got to hear the agricultural stuff on the radio and match it with the commodities and recent weather, and the local big companies like 3M, Honeywell, IBM, etc. with stock prices and stuff we got at the store (Scotch tape, sand paper, etc.)

 

[Tall Timbers]

silver dollars vs paper dollars

How old are you? 150? I don't have any memory of silver dollars being in circulation when I was a kid. But then, my weekly allowance was only a nickel (if I completed my chores), so maybe I just never saw any silver dollars.

 

[Armor of Light]

As a kid learning money, my biggest confusion was silver dollars vs paper dollars.

During 5th-6th grade I worked the lunch line once or twice a week throughout the school year, I would occasionally get a silver dollar for payment( lunch fee .35) once in a while, but more likely it would be a silver quarter and a Mercury or Roosevelt silver dime, I hade a great coin collection! And for working the lunch line you got an extra lunch item! Mom was in charge of the school kitchen, she always had clad coins to swap out for he silver.

 

[Ghoti Ichthus]

How old are you? 150? I don't have any memory of silver dollars being in circulation when I was a kid. But then, my weekly allowance was only a nickel (if I completed my chores), so maybe I just never saw any silver dollars.

They were in circulation in Minnesota and Pennsylvania until at least sometime after President Kennedy was shot. I don't know about anywhere else.
Maternal Grandparents used to bring them to us when they visited from Pennsylvania Dutch country, and I often got them as change from some stores when Mom sent me to the store. The small, Mom-and-Pop grocery store, the drug store, and the hardware. Dad used to get them at the barber shop. The National T if it was the end of the day and the clerk wanted to clean out the register and count less change