“23% of low-income Americans are living without a bank account”
August 7, 2024
“Even as many Americans go cashless, some don’t have the option to choose that lifestyle.
About 6% of Americans were unbanked in 2023, meaning they’re living without access to any traditional financial services such as savings accounts, credit cards or personal checks, according to data from the Federal Reserve.
This share of the population grows to 23% when only considering people making less than $25,000…”
Looks like this is a problem for CBDC [Central Bank Digital Currency] I say good.Cash should never be replaced because CBDC is the ultimate form of financial control. The powers that be think they can trick the poor into using CBDC with UBI [Universal Basic Income] but it wont work. They will still use the Black / Underground market to get by.
Basically what I’m saying is CBDC’s are destined to fail.