# A 65-year-old programming language called COBOL still quietly processes over $3 trillion in banking transactions every single day — and because the original engineers are rapidly retiring, banks are scrambling to pay younger developers fortunes just to kee - Make Tech Easier

**Published:** 2026-05-31T03:06:51.000Z  
**Topic:** Banking  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/9f5ac077-0291-4c4e-beec-a6f56f70b4ca





## Sources
1. Wired — [COBOL Is the Asbestos of Programming Languages](https://www.wired.com/story/cobol-is-the-asbestos-of-programming-languages/)
2. Metaintro — [The $3 Trillion Code Nobody Knows How to Fix - metaintro.com](https://www.metaintro.com/blog/cobol-developer-shortage-legacy-systems-career-opportunity-2026)

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Cite as: TrendWatcher, "A 65-year-old programming language called COBOL still quietly processes over $3 trillion in banking transactions every single day — and because the original engineers are rapidly retiring, banks are scrambling to pay younger developers fortunes just to kee - Make Tech Easier", https://www.trendwatcher.in/article/9f5ac077-0291-4c4e-beec-a6f56f70b4ca