DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post

**rouletteroulette** · 08-24-2008, 12:29 AM

Unfortunately, many elderly people are just not comfortable with the concept of stored debit cards or electronic cash. These are the same folks who bring their savings books to the retail counter once a quarter to have the interest on their accounts updated, and refuse Direct Deposit for the Social Security Payments. They are not dumb, (and I an not suggesting you think the are) but they are a bit untrusting and they need to see and feel the paper. Remember, these folks lived through the Great Depression, and witnessed Bank Runs and Fails. Plus, they are not comfortable with technology. To many of them Cash is King.

It is really just that simple.

08-24-2008, 12:29 AM	#10
rouletteroulette Join Date Oct 2005 Posts 491 Senior Member	Unfortunately, many elderly people are just not comfortable with the concept of stored debit cards or electronic cash. These are the same folks who bring their savings books to the retail counter once a quarter to have the interest on their accounts updated, and refuse Direct Deposit for the Social Security Payments. They are not dumb, (and I an not suggesting you think the are) but they are a bit untrusting and they need to see and feel the paper. Remember, these folks lived through the Great Depression, and witnessed Bank Runs and Fails. Plus, they are not comfortable with technology. To many of them Cash is King. It is really just that simple.
	Quote