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in sweden, they're aiming f a completely chless ciety by 2013. and they're well on their y. kellobiella went to stocolm t follow e money. >>eporter: athe philelphia churc in stkholm, they've tradhe colleion plat sele tcard choose your doon. arlyll giving is by pstic or app. >> we have seen a tremenuscrea, pecily a y le. >> reporter: across this country of 9 million, at coffe ops and lunch counters, eveone of ever a isoi cashless. >> ie always use card wherev g tas, shops, erything. >> rorter: sweden stil prints money but less of it. only about % of ctionsn cash the u.s., it' 40%. ats are disappearing an most major banks deposits. with new technology the cashles economy open to almost yone no sre chae f the magazin to help thehomeless? no prlem. companie l shoe store swedi has-beensay they've lowered cost. no n for a register, safe or trso the bank. >> there you go. >>epr:vehe man who wrote 's momoney" is fan. the abb museum is cash free. noil means less risk of theft. >> there'so doubting the convenience of paying for jus about everythingh these, but wt does that mean for co

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jfrey: thoccupy wl street movent is awithout estion, chnneling elings tt run throughmerican ciety. not just a small group of young people who are out in the park. this is reflecting feengs of uappiness aniety, anr, that rmeate erican siety, anfor good eason. narrat: the diarity of inme and wlth in t united stateis the west it h been sincehe greatepressio a rge mide class undation a stab democra has bee shrinkinat a rap rate. ssell: pple are greedy. younow? it's so--ey' so eedy. a, you kn, it doesn't haveo be thaall of he 1% isreedy. ihas to b hat the ople whore fightg for the--for evy penny o he the mo power a who are the mostnfluenti are movg the meter, and people are qet. t's the silence that's deafeni, of allhose peoe o want more faisystem. and t way theoney--thway the mon is beintaken aw from e poor, t of the ands andut into e hands the ric is unbeevable. jeffr: we gotax cuts r the rich, dismantlg of govement fothe workg class and thpoor, a ttering the soal safetnet. rusll: 400 ople in is country ve more ney than 150 milln. it's--it's--it's-- it's very htful to ar these kind of

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and the point is you are not going to be able to build a middle class life in this ciety unless you have some education and skills that you can continually enhance and retool throughout your career. -- s just -- young people i'm going to be honest, i'm not going to call them out. if you're ben simmons, maybe you'll do fine not hitting the books. but -- although he's a very fine student, i'm sure. but my point is, unless you are ne in a million, you better be working hard. you better be studying. [applause] president obama: and it's not going to stop. now, the point you made is exactly right. now do we make sure everybody gets that opportunity? we know what the ingredients are. we know that early childhood education makes a huge difference, the kind of start young people get. we know that poor kids oftentimes are not starting off in school with the same vocabulary because they haven't heard as many words, which means that we've got to train parents not just early -- not just teachers to help get kids rolling. we know that schools that have great teachers and high standards and are creativ