Hiding Money In The Mattress

It wasn’t long ago that people made fun of those who lived through the Great Depression. Many who had that experience didn’t trust banks, didn’t invest their funds, and were incredibly tight with money. The common joke was about the person who hid their money under (or in) the mattress, or buried it in the backyard. The trend is back in a big way. 43% of Americans are only invested in cash, which isn’t investing. 53% plan to hide money somewhere in or around the house. Our reactions haven’t changed much, but maybe that’s because the fundamental flaws in the system that caused the Great Recession aren’t as different from the fundamentals that existed prior to and during the Great Depression.

“Keeping Cash Under Your Mattress Is A Terrible Idea. Why Are So Many Americans Doing It?” – Slate