I’m only discussing the idea there’s such a thing as a “lifetime cash holder” who holds any material quantity of their net worth in an asset that says it depreciates on the tin.
For example, I grew up with close friends whose parents were Bulgarian immigrants. Their parents had "good" jobs (dba, generic in-house IT) and were not hurting from money, but: they did not purchase homes, did not invest their money, and literally kept stacks of cash in the home.
Your personal experience and values are not necessarily representative of every other group in your country.