Over Half Of People Under 60 Want To Stop Using Cash

A new survey of over 2,000 respondents shows that younger generations are looking towards a cashless tomorrow.

The survey found that over 58% of respondents would like to stop using cash, and over a third of the population has gone cashless in the last few months due to COVID-19.

While cash-carrying is still relatively high in the Baby Boomer and Gen X cohorts (around half of each still carry cash), only 16% of younger generations do so on a regular basis.

In total, the average person of today is twice as likely to pay with card than to pay with cash.