Good morning and Happy Friday! This is Betty Lin-Fisher bringing you The Daily Money, focused on consumer news this Friday.

When did you last use cash for a purchase? Or open your checkbook? Many people now primarily use credit or debit cards, or digital payment methods like Apple Pay.

Paul Dickson from Kensington, Maryland, describes his experience as being caught between two worlds: businesses that don’t accept cash or checks and those that impose extra fees for credit card payments.

Are we really moving towards a future without cash or checks? Can a business legally refuse to accept cash?

I have investigated this topic in my latest piece.

Noticed Smaller Portions?

Are we in a strange reality where products are shrinking in size?

The term “shrinkflation” — reducing the content of products while maintaining the same packaging — has existed for years but has become particularly noteworthy this year, according to Daniel de Visé.

President Joe Biden stated he’s had “enough” of shrinkflation in a Super Bowl commercial back in February. Cookie Monster also made headlines in March with a tweet expressing, “Me hate shrinkflation!” Biden echoed similar thoughts in his State of the Union address with more refined grammar.

Is shrinkflation becoming more common?

🍔 Today’s Highlights 🍔

A restaurant in North Carolina has sparked controversy with its strict dress code policy. They have rules against revealing clothing, shorts, and even white T-shirts, along with five more prohibited items on their list.

About The Daily Money

Every weekday, The Daily Money provides top consumer and financial news from YSL News, simplifying complex topics, offering a quick summary, and explaining how various events, from Fed interest rate changes to bankruptcies, affect you.