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Seems to me those fancy trucks and SUVs you speak of may perhaps belong to the upper class? I think your confusing the 150K+ a year crowd with the middle class.
Middle class is more of a median income between that and the poverty line, most of the 30-60K people aren't out driving around in new 60K+ vehicles, most of us are the ones in the crappy older vehicles. and the rest are the ones on the bus
Seems kind of unlikely. At least where I live, the upper crust drives fancy sedans. The lower class drives fancy trucks and SUVs and the middle class drives cheap econoboxes.
Or they don't really store it in multiple locations.
What happens when your house burns down?
I guess the same thing that happens when the Amazon location with your data burns down.
Amazon restores the data on the guy's servers from their backups? No wonder everybody is all tinfoil hat over Amazon.
Yes, exactly. just like Comcast offers service to the address of the house you are going to buy. At least until after you buy it.
Why aren't the big banks doing this? I guess because they can't tack on all kinds of horrendous fees and still get people to use it, and PayPal's business model isn't profitable enough for them.
I have a different guess. My guess is that big banks are banks and have to obey the banking regulations and so they can't afford to compete with companies like Paypal which doesn't have to obey the banking regulations even though they act as a bank.