Did You Use Cash This Past Week?

Did You Use Cash This Past Week?

CashThe reign of cash as king is quickly fading. More and more Americans are turning to other payment systems. Pew Research Center has been analyzing how many people use cash in a given week and that number is rapidly decreasing. In the past three years, Americans making purchases without any cash during the week has risen from 24% to 29%. Currency has been used for at least 7000 years, so this change to a cashless society is pretty striking. The demographics of those not using cash are not too surprising. They are most commonly under 50 years old and the wealthiest among us. You can read more about this research here.