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> low income people who don’t have credit I know that banking in the US is both weird and antiquated compared to the rest of the developed world, and I also kn
by hocuspocus 8y ago
> low income people who don’t have credit
I know that banking in the US is both weird and antiquated compared to the rest of the developed world, and I also know that the unbanked population is relatively high, but surely most low-income people can own a debit card and pay without cash, no?
- travisjungroth 8y agoMost can, lots can. "Unbanked" is a real problem.
- maemilius 8y agoMight depend on where you are. With the exception of Food Stamps, pretty much every transaction I've seen from lower income people in my area is cash based. I usually feel like an outsider since I generally carry no cash in an area where it feels like everyone pays for everything with cash.