How a Cashless Society Would Harm the Poor

Governing
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.