It's probably worth pointing out to him that there are other benefits such as not having to worry about losing the money or having it stolen from you. I agree w

It's probably worth pointing out to him that there are other benefits such as not having to worry about losing the money or having it stolen from you. I agree with your assertion though, it wasn't that long ago that my savings account was netting me $7/day and thus covering all my commuting expenses for the month.