Molly coddled with cash
*Now, I would like to start this, well, rant with the caveat that I am not just another Daily Mail reader getting on their soapbox.*
However, in a world that I increasingly feel is going PC-mad (that's political correctness, not personal computer), the news that there's to be £5-only cash machines left me flabbergasted. It's not necessarily the fact that there are to be cash machines where only £5 can be withdrawn, but more the reasoning behind it.
Here's what the MD of the company operating the cash machine had to say:
"Busy sites in areas where we believe consumers would benefit from managing their budgets with smaller denominations are top of the list."
Firstly, a touch on the patronising side that, don't you think? And secondly, are the people the cash machine is allegedly aimed at really that inept at budgeting? If so, the lengths that are needed to go to in order to help people is ridiculous. Do they really have that little self-control that they can't get a tenner out and only spend a fiver? And, in these cash-stricken times, what can you realistically get for a fiver?
I'm sorry if this sounds like an undirected sounding off, but I just worry that there are too many people now who need to have their hands held in so many areas of their lives that we're in danger of becoming the nanny state we're (rightly) against.
Surely it would be better to invest in better financial education. Yes, there will be people who will make the same mistakes regardless (I mean, despite what we're taught, some people believe Nazism is the way forward...), but people will not only have their independence but - hopefully - also a better hold on their finances.
Does that make sense, or am I living in a dream world?