Income Week: Will We Ever Fall Out of Love With Cash?

Cash doesn't pay a decent income these days, and may not ever again. So why do we love liquid assets so much?

James Gard 24 November, 2021 | 11:13AM
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John Maynard Keynes and Edward Drozniak

Cash has a peculiar hold on the British psyche. Not the folding stuff itself, as we’ve embraced contactless payments faster than some countries, especially during Covid-19.

Nor do we put it under the mattress, as many Europeans do (where are all those missing €500 euro notes?). We’re talking about liquid assets: money left languishing in savings or current accounts.

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James Gard  is content editor for Morningstar.co.uk