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Question of the Day

Checking #46

What percent of Gen Z consumers are stockpiling cash in light of coronavirus?

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39%

Motivated by three factors:

  • The possibility of banks shutting down
  • The convenience of having cash during emergencies
  • The desire to ensure access to funds

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Follow Up Questions

  1. How are account holders protected if banks fail?
  2. Are there any other reasons you can think of that might explain this behavior?
  3. What are the risks of holding lots of cash at home?

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