Had a great debate today at lunch.
The question: Will checks (the annoying act of writing one or receiving one) go away in our lifetime?
My answer: The paper check will die with the Baby Boomer generation.
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July 12, 2011 at 5:05 pm
Beth Zimmerman
The last of the Baby Boomers were born in 1964, making them 46 years old this year. If their life expectancy is to age 80, this means another 37 years for checks to roam the earth.
Sorry Denise, but yours is not a very bold prediction under this standard.
July 12, 2011 at 5:48 pm
Denise Wymore
Beth,
I love your comment because the boomers i talked to had not done your math.
Please tell me you predict checks to die sooner…..call it…….time of death?????
July 13, 2011 at 5:20 am
cuwarrior
They have to, don’t they? This has been the longest funeral evah.
July 19, 2011 at 10:01 am
Dale Pierce
It would have died sooner but greater efficiency through imaging with the Fed system has sped up clearing times. I think that has reduced the complaints on accepting checks and keeps them out there.