A Surprising Amount of People Hide Cash at Home. Here's Where They Should Be Putting It

If your money keeps you up at night, there's a chance it's because your mattress is lumpy from all the dollar bills stuffed under it. That's right: Some people still stash cash under their mattresses. A new study (PDF) by financial management app company Piere found that 6% of Americans store cash beneath mattresses, beds and pillows -- and a lot of other places around their homes. Why do they think that's a good idea? Yuval Shuminer, co-founder and CEO of Piere, points to the worrying financial headlines we've been seeing lately. "With so much uncertainty in the economy, it's no surprise that people are looking for ways to keep their money close at hand," Shuminer said. "The resurgence in mattress stuffing isn't some whimsical trend. It's a sign that many Americans feel uneasy about the financial system and are searching for something they can trust." With tariffs, stock market swings and high costs across the board, it's not surprising that people are worried about their finances. ... Read full article.