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Post-COVID Society Might Be Cashless —Older Americans May Not Be Ready

  • July 31, 2020

  There’s a possibility that society may go cashless in an effort to stem COVID-19, as some experts believe the virus may linger on paper money. There’s just one hitch to converting to a cashless society, according to Plamen Nikolov, an assistant professor of economics at Binghamton University — and that’s senior citizens who may not be tech-savvy enough to manage electronic transactions. Currently, only about 1 in 3 Americans under age 50 doesn’t use...
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