Americans less reliant on physical currency, Pew Research

Americans less reliant on physical currency, Pew Research

29% of US adults make no purchases using cash during a typical week, up from 24% in 2015, according to a Pew Research survey. And the share who say that all or almost all of their weekly purchases are made via notes and coins has modestly decreased, from 24% in 2015 to 18% today.

Those with an annual household income of $75,000 or more are more than twice as likely as those earning less than $30,000 a year to say they do not make any purchases using cash in a typical week (41% vs. 18%). Conversely, lower-income Americans are about four times as likely as higher-income Americans to say they make all or almost all of their purchases with physical currency (29% vs. 7%).

Further info on the survey here.

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