via Will bank branches wither away? – USATODAY.com.

In the past year, the number of bank customers who prefer to bank online has jumped sharply, according to a survey conducted in August by the American Bankers Association. Sixty-two percent of bank customers said they prefer banking online to all other methods, up from 36% in 2010. Only 20% of customers said they preferred using a branch, down from 25% last year.

I can remember as a youngster taking some of my hard earned grass mowing money to the bank to open a savings account. The lady there that handled all the money praised me for saving some of it. After that I regularly visited the lady behind her big counter to add to my account. I don’t remember how much I eventually had in the account or even what I used the money for but the bank itself made a big impression on me. It seems like local banks are going the way of many other institutions in relenting to cyberspace.

I know personally I very seldom am in the door of our local bank. I do visit their bank machine on a regular basis but only go inside when I need to do something with my vault box.  Everything else is done electronically as I seldom even use paper checks anymore. So, I guess I am contributing to this trend. As the article state that last year 36% preferred on-line banking and now 62% do. That is a very drastic increase in a little over a year. How much longer will banks, especially locally owned ones like I bank at, be able to afford keeping tellers behind the counters if no one actually goes inside? I’m sure the local small business owners frequent the bank on a regular basis to get currency for their cash registers so I imagine there will always be someplace to accommodate them but vast majority of the tellers will likely soon disappear. I wouldn’t be surprised if they disappear faster than our local video stores.

It seems that the internet is eliminating quite a few previously well established job opportunities and I expect this trend will continue in the future. The trouble with all this is that there just doesn’t seem to be many newly developed jobs opening up to replace them.  I don’t know what percentage of middle class jobs that are disappearing are due to technology as opposed to off-shore outsourcing. That would be an interesting statistic.

Most middle class jobs today require some post high school education and the U.S. is doing poorly in that category compared to other nations. Are all the kids who have only a high school education or less (almost 1/3 of U.S. kids don’t even finish high school) doomed to working for fast food and retail stores throughout their lives? Their doesn’t seem to be any leadership around today to change these trends and that is the saddest thing about all of this.

As a senior citizen I am mostly an observer in this type of thing. They say the average person today will change jobs about ten times in his/her working life.  I guess I was very fortunate to have worked for one  employer for 30 years and managed to retire with a pension plan.