The study found that while 30 percent of polled consumers use cash less often than they did two years ago, 20 percent use it more often. The report indicates that Generation Y members (individuals born from the mid-1970s to the early 2000s) is the only generation more likely to use cash more often today than it did two years ago.
Overall, the report found that US consumers’ use of cash is likely to decline by a total of 17 percent, or 4 percent per year, between 2010 and 2015, dropping to slightly more than USD 1 trillion.
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