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Anyone know anything about MWWPR public affairs?
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I've got elderly relatives that are outraged over the loss of bank branches. To them, walking into a bank said something. And that makes sense, if you see photos of ornate bank lobbies from decades ago, they radiated a sense of security and stability. We do almost everything now from a phone app, and it's convenient, but I guess it must have been nice to think your money was safe and secure behind all the polished brass. I guess the trend I expect to continue is the phasing out of cash. I always carry some but almost never use it myself.
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I kind of miss the luxury bank days, but I really can’t argue with the convenience of everything being on my smartphone
They're talking about getting rid of the penny aren't they? Lol I wonder if cash/change will be gone altogether in the next 10 years? I hope not, personally. I still like to use cash as a budgeting hack, but idk maybe it's not worth spending federal money on.
That is a good point. Even on the rare occasion I do need to get cash money out, I just stop at whatever ATM is closest and pay a couple bucks to withdraw. I think planning/advising will decrease a lot. AI and programs will spit out the best-case scenarios. The real people in that will only exist for the elite few.
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I hate to say it, but I see fund managers going out eventually because of AI
I agree with you on the banks. I don't have a branch of my bank in my city, nor in any surrounding cities. If I need cash, I go to an ATM, but that's like… Twice a year. I'm not sure how much longer they will justify brick-and-mortar banks at this rate.