There are products that have been around for so long and are so useful and dependable that it’s hard to believe they would ever become obsolete. To wit: the venerable safe deposit box. First introduced during the Civil War, the popularity of this offering was so strong that before long it was the rare bank that did not offer this service.
But since the Great Depression of 2008 it’s getting harder and hard to find a safe deposit box. Customers that want one are now facing wait lists of up to nine years in some places.
A number of factors have led to this event and in this brief blog post “The Quiet Disappearance of the Safe Box” are some lessons that no produce or service, regardless of prior success, is permanent.
