How common is cash these days? It depends. đź’¸
In a recent study, we found that fewer Americans use cash today than a decade ago. But many still carry it.
How often do you use – and carry – cash? 💰⬇️
#ConsumerBehavior
42% of U.S. adults say they don’t use cash for any purchases in a typical week. 💵
This is up from 24% in 2015.
12% say they use cash to pay for all or almost all of their purchases in a typical week.
#CashvsCard
Younger adults stand out for never using cash. đź’ł
About half of adults under 30 say they don’t use it for any of their purchases.
Those 65 and older are the least likely to say they never use cash.
#FinancialHabits
As Americans move toward cashless payments, nearly half say they carry cash on them always or most of the time. đź’µ
And older adults are far more likely to say they frequently have cash on them.
But having cash on hand doesn’t always mean it’s being used: 26% of Americans who frequently carry cash say they don’t use it...