You’re right, but I want to know when this set in.
I’m your age, when I was a teenager here in Australia I operated cash registers. We had digital payments terminals then that allowed TXs via SAV | CHQ | CRD. Green, green, red.
Rich people used Credit cards. Normal people used Cash or SAV. Old people used Cash or SAV or CHQ. Kids used loose change.
20+ years ago and chequing accounts were already done in Aus. Millennials got Savings accounts as kids, but 50/50 that they got chequing. I did at my first bank, not the second where I got a “children’s account”. I never got “Chequings” again. I’ve had “Everyday” accounts which is the same but rebranded, and never had a lesson on how banks work so I only realised all this once I understood Bitcoin - people aren’t being taught basic personal accounting in a highly financialised world.
Thinking on my interactions with developed Western fiat world of banking, in the 90s here at least they wanted us to save.
Nowadays they just want us to consume.
When did this flip?
When did they stop wanting us to save and turn to outright consumerism? When did people stop understanding how money works? When did people stop understanding banking? Was it all 1971 or did the knock on from that remove us either, later?
stacksatsio / StackSats.IO
npub10jn…vcrd
2024-06-19 14:06:28
in reply to nevent1q…4jy5
Author Public Key
npub10jnx6stxk9h4fgtgdqv3hgwx8p4fwe3y73357wykmxm8gz3c3j3sjlvcrdPublished at
2024-06-19 14:06:28Event JSON
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"content": "You’re right, but I want to know when this set in.\n\nI’m your age, when I was a teenager here in Australia I operated cash registers. We had digital payments terminals then that allowed TXs via SAV | CHQ | CRD. Green, green, red.\n\nRich people used Credit cards. Normal people used Cash or SAV. Old people used Cash or SAV or CHQ. Kids used loose change.\n\n20+ years ago and chequing accounts were already done in Aus. Millennials got Savings accounts as kids, but 50/50 that they got chequing. I did at my first bank, not the second where I got a “children’s account”. I never got “Chequings” again. I’ve had “Everyday” accounts which is the same but rebranded, and never had a lesson on how banks work so I only realised all this once I understood Bitcoin - people aren’t being taught basic personal accounting in a highly financialised world. \n\nThinking on my interactions with developed Western fiat world of banking, in the 90s here at least they wanted us to save.\n\nNowadays they just want us to consume.\n\nWhen did this flip? \n\nWhen did they stop wanting us to save and turn to outright consumerism? When did people stop understanding how money works? When did people stop understanding banking? Was it all 1971 or did the knock on from that remove us either, later?",
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