The key answer of exercise 2

Advantage of living in a cashless society

Reduced illegal activities: The article mentions a decline in bank robberies and illegal activities, including drug trafficking and illegal employment, in Sweden as a consequence of the move towards a cashless society. This suggests that the digital payment system has contributed to improved security and reduced criminal activities.

Disadvantage of living in a cashless society

Concerns for the elderly: The article notes that around 10 per cent of the Swedish population, particularly elderly individuals, are still highly dependent on cash. The transition to a cashless society raises concerns about excluding certain groups who may face challenges adapting to digital payment methods, potentially leading to financial exclusion for some individuals, particularly older citizens.