2 ms·
> It's more common than you think. Many poorer populations don't trust or understand banking, or work under the table. Either way, they stash pipes of cash. If
by dpark 10y ago
> It's more common than you think. Many poorer populations don't trust or understand banking, or work under the table. Either way, they stash pipes of cash.
If you're poor, you're probably not stashing tens of thousands in cash. I bet the percentage of people who both qualify as poor and have $10K in cash on hand is low single digits.
> It's not uncommon for these folks to make huge cash deposits to buy a car or whatever.
Why would you deposit $10K to buy a car instead of carrying your cash to the car dealer? Also, why are you buying a car that costs >$10K if you're poor?