Coin hoarding at home leads to charity plea
Now here’s a fascinating side effect of the pandemic and one which merits some innovative thinking in terms of the resourcing of rural charities. This article tells us:
UK residents are hoarding an estimated £50m in loose change, with little sign of it all being spent as Covid restrictions ease.
Nearly six in 10 people are holding coins at home, according to a survey by banking trade body UK Finance.
People tend to hold on to 1p, 2p, 5p and 10p coins.
The findings have prompted pleas for this money to be given to charity, as cash donations dropped during the Covid crisis.
UK Finance data suggests that people have been holding on to cash three times longer than they used to owing, in part, to the coronavirus lockdowns.