With the apparent meltdown of some of the leading financial institutions there is likely to be a trend of banking change where under the the mattress or the shoe box in the wardrobe become the banking facility of choice.
Such was the apparent mistrust of the banking institutions that led people to store/save their money in this time honoured tradition because the banks were deemed to be the domain of the wealthy and upper classes. People thought their hard earned money was safer with them, after all their homes were their castles and what little spare was conveniently stashed away for that rainy day. If cash was needed it could be withdrawn from the shoe box 24 hours a day, 7 days a week and it meant that living within ones means was the only way to go unless you indulged in a bit of thieving.
I wonder if this will return ?
Filed under: Uncategorized