The Consequences of Going Cashless

It used to be that cash was king. However, the ever-more convenient credit card seems to be trying to dethrone it. And you might not have a choice in the matter. Restaurants and retail shops across the country are increasingly switching to cashless only methods of payments. No longer do we have to carry around wads of cash. It seems that legal tender in your pocket is really now just a piece of paper in some places. But the switch to a cashless society has ramifications that most of us might not even realize. Here to discuss the consequences of such a switch is the Policy Director of DC Fiscal Policy Institute, Tazra Mitchell.