Ask Fear & Greed: Why haven't we gone cashless?

Feb 25, 2025

Listener Lisa questions why society remains attached to cash despite a shift towards digital payments. The hosts delve into who still uses cash, revealing surprising demographics. They highlight the issues cash alleviates and the challenges of a fully cashless society. Government efforts to maintain cash services and the risk of losing cash accessibility during banking outages are discussed. They ponder the future of cash, suggesting it may wane but persist in specific scenarios.

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Intro

00:00 • 2min

The Diminishing Role of Cash in a Cashless Society

01:58 • 2min

The Enduring Need for Cash in a Cashless World

03:51 • 2min

The Future of Cash: Perspectives on a Cashless Society

05:43 • 2min