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Brother, Can You Spare a Dime?

We are quickly becoming a cashless society

Several years ago many of the financial pundits predicted the widespread proliferation of electronic commerce with consumers exclusively using debit and credit cards for all their purchases. Essentially, we would become a “cashless” society.

Well, it appears we have moved a step closer to that reality thanks to the Covid19 pandemic. The U.S. Treasury now reports reduced coin production due to the closure of some U.S. Mint facilities. This has left many banks and retailers with an extreme shortage of coins.

Today, while checking out at our local Ralphs Market, I noticed a sign posted at the Cashier stating they were unable to provide any coins with your change. Instead, the balance due will be added to your loyalty card. Of course, you can always use your debit or credit card 😉



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