That and the fact that people probably exaggerate the loss for insurance purposes. Also, pickpockets and muggers are likely to profile their targets- Tradition

That and the fact that people probably exaggerate the loss for insurance purposes. Also, pickpockets and muggers are likely to profile their targets- Traditionally this would have been the wealthy, counterintuitively it's now the poor: People without credit cards and/or bank accounts, and immigrants paid in cash who are forced to walk or bike home from work through a bad neighborhood in the dark with an entire week's pay in their pocket.