first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Almost a third of Americans have stopped using cash for their typical weekly spending, according to the Pew Research Center. This continues a trend the organization has been tracking since 2015.In the latest research, 29% of adults don’t use any cash for weekly purchases, up from 24% in 2015. Those consumers who claim that they still make all or nearly all purchases for cash fell to 18%, versus 24% in 2015.As in the earlier survey, generally the higher the household income, the less likely the consumer is to use cash for everyday spending. The study found that 41% of adults with household income of $75,000 or more used no cash versus 18% of consumers making under $30,000.Age makes a difference in cash usage, with 34% of adults under 50 using no cash, versus 23% among consumers 50 and older.last_img

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