News for hackers. Stuff that matters.

A comment on One Year After India Killed Off Cash, What Other Countries Should Learn. Parent comment

Re:One Year After India Killed Off Cash, What Other Countri... by ShannonAlther on Wednesday November 08, 2017 @10:26AM (#15653307)
> Which makes it harder for households to hoard money.

In other countries, we call this 'saving for retirement.'

[ Parent | on HN ]
Re:One Year After India Killed Off Cash, What Other Countri... by seanmcdirmid on Wednesday November 08, 2017 @11:12AM (#15653808)
If you are saving for retirement by hoarding cash and not investing it at least in bonds or the very least a savings account with some interest, you are doing it wrong, or you have breaking bad problems I’m not familiar with.
[ Parent | on HN ]
Re:One Year After India Killed Off Cash, What Other Countri... by anindha on Wednesday November 08, 2017 @10:42AM (#15653495)
It should read “hoard cash”, i.e. mattress money.
[ Parent | on HN ]
Re:One Year After India Killed Off Cash, What Other Countri... by Feniks on Wednesday November 08, 2017 @12:38PM (#15654731)
In most countries you have to declare assets and pay tax over it.
[ Parent | on HN ]