The precautionary savings of physical cash may even be on the rise as people realize how easily their economic lives could be switched off in an instant in the increasingly digital world, whether by being intentionally targeted or accidentally disabled with a lot of bureaucracy slowing down the correction.
Having enough cash under your mattress that authority figures can't easily take from you is a psychological comfort.
Having enough cash under your mattress that authority figures can't easily take from you is a psychological comfort.