Is cash still king?

Is cash still king?

Almost one-third of Americans buy into the idea that “cash doesn’t count,” according to new research.br br Conducted by Talker Research on behalf of Chime, a survey of 2,000 U.S. adults split evenly by gender and generation revealed that because their account balance doesn’t decrease, 29 of Americans believe that spending cash doesn’t actually “count” as spending money. br br While this may be chalked up to just another “girl math” trend, 35 say that carrying cash makes them feel more prepared and only 5 admit that they never have some on their person.br br Despite the stereotype that younger generations only prefer digital payments, the results revealed that baby boomers (24) and Gen Xers (23) are twice as likely to “rarely” carry cash than Gen Zers (12). The younger generations also prefer to carry a larger amount of cash than the older generations: Gen Z and millennials like to have an average of about $82 and $71 respectively, while Gen X carries $57 and baby boomers carry $48.


User: SWNS

Views: 548

Uploaded: 2024-10-08

Duration: 00:40

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