Cash is king; I just wish the king was bigger.The Boston Globe ran a story on the number of people giving cash this holiday season rather than purchasing gifts; notably, a credit union in New Hampshire offered a “Black Friday” 3-month CD with a 10% return and sold 20 times the normal daily amount in about 4 hours.
I always enjoyed the cash/gift culture of Japan, where people give cash in beautifully decorated envelopes for weddings, funerals or for the New Year. I find it interesting that so many people are turning to thrift and saving right now — I wonder if it will last?
