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by 1123581321 3746 days ago
It's actually not. The US and the UK have the same percentage of adults using financial services (91%.) France, Germany, Spain, Luxembourg, etc. have a higher percentage; others have lower such as Norway and Portugal (and Switzerland!.) The average for the US and Europe is 92%. http://mckinseyonsociety.com/downloads/reports/Economic-Deve...
1 comments
mrsuprawsm 3746 days ago
In the UK we're phasing out cheques within 2 years. They're incredibly uncommon and used by pretty much nobody.

The majority of, if not all, government benefits are paid directly to a bank account.

It is essentially impossible to live as a functioning adult without a bank account in 2016 in the UK.

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1123581321 3746 days ago
Not true - there is an initiative in the UK started years ago to phase out checks, but it faced a lot of backlash and delays and is not anywhere on schedule. Checks are uncommon in the US as well, by the way, but you can see from the statistics I linked that cash and checks are still used in both countries.
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