No kidding. When I was a kid in the 80s, ATMs only seemed to dispense 20s. Now a large percentage of them also dispense 10s.
A decade or so ago, I was receiving my paycheck via a Maestro card, which at that time could be used as an ATM card in the US, but not at a POS terminal. This meant that even for larger payments, I had to withdraw a large amount or go to several different ATMs, leading to an embarrassing and stressful situation when I tried to withdraw $1000 from an ATM, which was fine as far as the software was concerned, but jammed the dispensing mechanism. These days I'm not sure any ATM will let you withdraw more than a few hundred.
On the other hand, I suppose that most of what people carry cash for is food, and food prices haven't risen in the same fashion that housing and fuel prices have, so the amounts of cash people carry hasn't had to rise that much.
No kidding. When I was a kid in the 80s, ATMs only seemed to dispense 20s. Now a large percentage of them also dispense 10s.
A decade or so ago, I was receiving my paycheck via a Maestro card, which at that time could be used as an ATM card in the US, but not at a POS terminal. This meant that even for larger payments, I had to withdraw a large amount or go to several different ATMs, leading to an embarrassing and stressful situation when I tried to withdraw $1000 from an ATM, which was fine as far as the software was concerned, but jammed the dispensing mechanism. These days I'm not sure any ATM will let you withdraw more than a few hundred.
On the other hand, I suppose that most of what people carry cash for is food, and food prices haven't risen in the same fashion that housing and fuel prices have, so the amounts of cash people carry hasn't had to rise that much.