It seems like the bank’s latest ppi scandal has loaded the country with mis-trust as more and more people are hiding their hard-earned cash below their divan bed base.
Some citizens around the globe such as America and the UK are trying to keep their money under their luxury mattress in reply to savings account rates of interest decreasing and the bank’s mis-selling payment protection insurance policies to thousands and thousands.
Thousands of home-owners are trying to keep most of their disposable monies at home underneath a luxurious mattress and up to 28 million in the US on your own are going to do so. According to a report in 2009, Americans are forgoing traditional financial institutions due to mistrust, cultural and language barriers or a belief there will be nothing left after bills are paid dues to taxes.
Bank accounts and personal credit details are said to not be safe enough despite the fact that leaving behind hundreds of pounds in ready money deserted in a house doesn’t appear very safe either. Possibly it has something to do with the truth that hackers acquired access to data on as many as 200,000 credit card accounts in the USA.
The continental mattress once was viewed as a risky location to stash cash, as technically the only security it’s possible to set up is a lock on the front door and windows and the security alarm. But even though the money doesn’t make anything or make any profits, it is a better and safer place to not lose anything reports suggest.