We’re not spending cash, so why are we hoarding it?

We’re not spending cash, so why are we hoarding it?

The value of UK bank notes in circulation has hit a record high, but it may all be under the proverbial mattress

Insignis warns about 'sitting on a pile of cash' with striking new campaign - Marketing Beat

Cash management platform Insignis has unveiled its first multi-channel campaign, showcasing why people should avoid hoarding cash. The campaign ‘Don’t sit on it, Insignis it’ was devised by creative agency Uncharted. Each execution brings to life the campaign’s concept by featuring a dangerous chair, with spikes, teeth or a snake. It targets those with more than £100,000 in cash savings. Subscribe to Marketing Beat for free Sign up here to get t…

The proportion of cash payments is constantly decreasing, yet the amount of cash in the UK has risen to a record high. There are complex reasons behind this phenomenon, and in addition to safety reserves, the hidden economy may also play a role, writes financial expert Clare Barrett in an opinion article published in the Financial Times.