Americans Take to Hiding Cash as Trust in Government & Banks Deteriorate

The People’s Newz

In the face of an uncertain future, it appears that more Americans than ever are keeping at least some of their savings in the form of cash. And among those who have cash savings, more than half are choosing not to store their finances in bank vaults or safety deposit boxes, but rather in secret locations around the home.

At least that’s the case according to a recent survey conducted by American Express, which found that 29 percent of Americans are now saving cash and coins, and that 53 percent of those who do are opting to stash it in safes or other hiding places in their homes.

The survey also revealed that millennials are even more likely to avoid banks — 67 percent of those from that generation who have cash savings prefer stashing, rather than depositing.

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http://thepeoplesnewz.com/americans-take-to-hiding-cash-as-trust-in-government-and-banks-deteriorate/