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underpants

(194,887 posts)

8. Which encourages more spending.

Reply to Silent Type (Reply #5)

Fri Mar 28, 2025, 06:02 PM

Mar 2025

Debit cards were designed to disassociate purchases from your banking account. Writing checks slows the decision so you are less likely to spend. Cash in hand means physically handing away your money. I have this and I am….now….having less of this.

The tap cards (I use them) an Apple Pay hyper acceleration it.

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No more paper SS checks. It will affect less than 1/2M people out of the 5.6M UNBANKED households [View all] underpants Mar 2025 OP

Eliminating choice. yellow dahlia Mar 2025 #1

Plus you have to have money to open a bank account questionseverything Mar 2025 #3

Good point. yellow dahlia Mar 2025 #4

My wife's company was bought by a bigger one underpants Mar 2025 #7

They'll have to pry my social security check from Sewa Mar 2025 #2

That may well be the idea. rsdsharp Mar 2025 #6

Think I read they will issue loaded debit cards. Not sure if that is much difference than a check. Silent Type Mar 2025 #5

Which encourages more spending. underpants Mar 2025 #8

Isn't the point that these people do not have bank accounts and Big Blue Marble Mar 2025 #9

It is. underpants Mar 2025 #10

So a pocket full of cash doesn't encourage spending. I'd take a card over a check any day. Though I'm fine with checks. Silent Type Mar 2025 #12

He said he'd pay Elon with a check for a tesla the other day: WATCH IcyPeas Mar 2025 #11

That's like going into a grocery store Tree Lady Mar 2025 #13

now it's getting to be us older folk using cash Skittles Mar 2025 #15

lol I did almost all cash started during covid Tree Lady Mar 2025 #16

I suspect most who get checks cash it, and might have to pay a fee. A card is probably better and safer. Silent Type Mar 2025 #14

I can't remember the last time I got a paper check. William769 Mar 2025 #17