Despite #banks best attempts to get us to all use cards (so they can skim off their fees), the #costoflivingcrisis continues to drive people back to #cash as a way fo controlling budgets.
In the last years the decline in the use of coins & notes has reversed (albeit not massively), with more shoppers buying goods with ready cash.
It'll be interesting to see how this plays out in relation to Labour's policy of an expansion of #bankinghubs to deal with banking deserts' cash availability issue.
As the #banks continue their relentless programme of closing branches, limiting the number of #ATMs & thereby pushing more & more people into #onlinebanking... AgeUK has found that around a third of over-65s are 'uncomfortable' using online banking.
The solution of #bankinghubs is faltering as the big banks are not driving forward with such community provision.
Certainly the banks may see such potential exclusion of the elderly as a small issue, but for the concerned this is a serious problem!
Online banking fears prompt call for more hubs
We cannot allow our communities to become banking deserts
https://www.devonlive.com/news/news-opinion/cannot-allow-communities-become-banking-8325822
#Devon #Axminster #Sidmouth #Honiton #Banking #BankClosures #Community #CommunityBankingHubs #BankingHubs #ProfitBeforePeople #PeopleBeforeProfit
Emeritus Prof Christopher May
Jonathan Wright
