While our government currently has no problem with making fiscally irresponsible decisions, when it finally does come around to deciding that "you know what, pennies aren't worth it" – or any other form of cash for that matter – there will be nobody that will argue against them.- by Aden Tate

The cashless society is almost here and it could lead to chaos and violence. Furthermore, many Americans could soon have no way to pay for necessities like food.

Poor people could have no way to buy food because they have no credit cards or smartphones. To elaborate, Big Retail is planning to get rid of cash registers and cashiers to save money.

In fact, Amazon is already operating 10 Go automated convenience stores that have no cash registers or cashiers. Instead of cash, customers pay with digital wallets such as Apple Pay or Google Pay at Amazon Go.

Big Retail Wants The Cashless Society

Big Retail wants the cashless society because it reduces expenses. For instance, Amazon does not pay cashiers at their Go stores.

In addition, Amazon needs less security at Go because there is no cash for armed robbers to take. Big Retail can also eliminate the expense of counting, storing, and hauling cash. After all, no safe, armored car, or armed guards are necessary when a store refuses to accept cash.

All in all, most of us are already living in a cashless society. For example, Americans used cash for only 30% of their transactions in 2024, The Federal Reserve estimates.

Additionally, people who do not use cash spend more. In particular, the average cash transaction was under $25 while the average credit card transaction was $67 in 2023, The Federal Reserve calculates. As a result, big retailers are readily embracing the cashless society because it increases their income while lowering their expenses.