How a Cashless Society Would Harm the Poor

Monday, July 17, 2017
Businesses and governments are going cashless. But one significant portion of the population is getting left out of this transition: people who lack access to traditional financial services like bank accounts and credit cards. Nationally, about 7.7% of people are unbanked; another 20% are underbanked. Anti-poverty advocates say the change is problematic for low-income people, but they disagree on how to solve it.