[KarlInOhio]

Rogoff pointed out, noting that the average middle-class American holds about $150 in cash, compared to more than $100,000 in total assets.

It's nice to be above average.

and scoffed at those who fear the government would then be able to monitor every transaction.

“If you don’t trust the government and all your money is in cash, you’re pretty stupid,” he said.

Thanks for the reminder. Time to buy precious metals. Unless you plan on outlawing gold and silver ... in which case brass and lead will the most precious of metals.

[cynwoody]

It's nice to be above average.

US Census Bureau