{"id":9691,"date":"2013-09-14T12:00:43","date_gmt":"2013-09-14T16:00:43","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=9691"},"modified":"2013-09-14T01:40:06","modified_gmt":"2013-09-14T05:40:06","slug":"why-you-should-send-us-all-your-cash","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2013\/why-you-should-send-us-all-your-cash\/","title":{"rendered":"Why You Should Send Us All Your Cash"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/09\/091413_0516_WhyYouShoul1.jpg\" width=\"640\" height=\"424\" \/><\/p>\n<p>Tim Fernholz hates cash \u2013 though our requests for him to send us his have gone unanswered. Here&#8217;s his rationale:<\/p>\n<ul>\n<li>Cash encourages robbery \u2013 since stealing that is more or less untraceable while stolen credit cards will eventually be tracked. About $500 million in cash is robbed each year.<\/li>\n<li>Cash also spreads disease through all the different people that handle it.<\/li>\n<li>People lose 5.6 hours a year trying to withdraw cash \u2013 and spend $8 billion in ATM fees in the process.<\/li>\n<li>Cash hurts poor people the most since they use it the most and have to pay the most to withdraw and manage it.<\/li>\n<li>Businesses have to sort cash and securely transport it to banks. This costs $40 billion a year \u2013 or 1% of total revenues.<\/li>\n<li>Since cash is difficult to trace the government loses up to $500 billion in tax revenue each year. It also spends $1.5 billion printing and distributing currency.<\/li>\n<li>Ultimately the use of cash costs each household, on average, $1,739 in the United States.<\/li>\n<\/ul>\n<p>Check out the effects that cash has on monetary policy, how European governments are cracking down on cash and more over <a href=\"http:\/\/qz.com\/123642\/physical-money-costs-americans-more-than-200-billion-each-year-so-why-bother\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/qz.com\/123642\/physical-money-costs-americans-more-than-200-billion-each-year-so-why-bother\/\">Quartz<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tim Fernholz hates cash \u2013 though our requests for him to send us his have gone unanswered. Here&#8217;s his rationale: Cash encourages robbery \u2013 since stealing that is more or less untraceable while stolen credit cards will eventually be tracked. About $500 million in cash is robbed each year. Cash also spreads disease through all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/09\/091413_0516_WhyYouShoul1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=9691"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9691\/revisions"}],"predecessor-version":[{"id":9699,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9691\/revisions\/9699"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/9690"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=9691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=9691"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=9691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}