(AL.com) — According to the Pew Research Center, about three-in-ten U.S. adults report making no cash purchases during a typical week. At the same time, the percentage who make all or almost all of their purchases with cash has decreased to less than 20 percent.
The survey shows several shifts in the use of cash and how Americans plan purchases. More than half of Americans - 53 percent - say they try to have cash on hand in case they need it. Just three years ago, the number stood at 60 percent. At the same time, 46 percent of Americans don’t trouble themselves about whether they have cash with them because of different payment options, they told surveyors.
As might be expected, having cash breaks down along demographic lines. 34 percent of adults under the age of 50 make no purchases in a typical week using cash, compared to 23 percent of those aged 50 and older.