General Public's Knowledge of Our Money (Sigh)

"George D" wrote in message
...
Bruce Remick wrote:
"George D" wrote in message
...
j-rod wrote:


Many of the people I associate with no longer use cash. Jut a guess but
about half use debit and credit cards exclusively.
And I wonder how many people realize that using plastic raises the cost
to the retailer and then the price to the consumer somewhere around 3%
and that money goes to the banking industry.

So what, everyone's entitled to make a living. And accepting plastic
traditionally increases a retailer's sales. But you'd prefer to see all
purchases made in cash? Carrying plastic eliminates the need to carry
large amounts of cash and is especially useful if shopping online. Your
stolen cash is gone. Your stolen plastic can be voided and replaced.

And this is before the interest you pay if you don't pay off the card
each month. This is on credit cards I don't know how much it costs if
you use debit cards.

Looks to me like a lot of people who don't zero out each month just don't
seem to care as much as you do.


Bruce I was just stating that the events happen in a thread that pertains
to people not being aware.

FWIW I use my credit card and pay it off each month only because I can and
I don't want to pay interest on it. I do use cash for small purchases and
checks for some bills where they charge an up charge for credit card use.

Me, too.

I hope everybody had a Merry Christmas and wish y'all a prosperous New
Year.

Same to you.

In article ,
George D wrote:

And I wonder how many people realize that using plastic raises the cost
to the retailer and then the price to the consumer somewhere around 3%
and that money goes to the banking industry.

And yet some retailers prefer plastic, even to the point where some
merchants won't even take cash.

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