The financial crisis has seen many lose faith in the banking system. So perhaps it’s not surprising that some have resorted to tried-and-tested methods of preserving their savings – such as stashing them under the mattress.
Wang Wenyou was one such mattress-stasher. The 78 year-old farmer from Nan’an stuck Rmb2,000 ($293) under his bed four months ago, the Fujian Daily Group reports. But disaster then struck. Every single note was ravaged by insects, rendering them worthless.
Wang – who had saved the cash over a four year period and intended to use it to pay his grandson’s school fees – now wishes he’d used a bank after all.
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