If you have issues with impulse control you are likely to become poor because you will slowly bleed out money and opportunities from bad decision making.
The opposite is also true: it’s just less correlated because it is harder to gain money than to spend it, so not everyone makes it.
This is obvious to anyone who grew up poor and escaped, or who grew up well off and watched people on the fall. How long does a middle class heroin addict remain?
Because there are significant privacy benefits and benefits in removing the middlemen etc.
If you don’t care, you don’t care. I gave up a long time ago too. In that case it would be annoying enough if the privacy preserving card were just 1cm longer or something that you wouldn’t use it.
Budgeting with the data trail of a card is significantly easier if you have a lot of transactions.
It's also generally cheaper due to cashback and other incentives.
Other than that I've always found the idea that cash is "inconvenient" a bit of a child-like argument. Okay, yeah, you have to count some coins, you also have to brush your teeth and use a knife and fork instead of your hands, come on.
The issue with this is that inevitably the locked down devices, which will end up being 98%+ of the market, become required for ordinary living, because no-one will develop for the 2%.
Open hardware is essentially useless if I need to carry both an open phone and a phone with the parking app, the banking app, messenger app to contact friends, etc.
The difficult part of learning to drive a car in the UK is mastering clutch control and changing gears whilst doing proper observations.
I don't think that we can simulate the mechanical feel of a manual car without spending so much money that you'd be better off just driving around a playground.
If you have issues with impulse control you are likely to become poor because you will slowly bleed out money and opportunities from bad decision making.
The opposite is also true: it’s just less correlated because it is harder to gain money than to spend it, so not everyone makes it.
This is obvious to anyone who grew up poor and escaped, or who grew up well off and watched people on the fall. How long does a middle class heroin addict remain?