![The Decline of Cash in a Digital Age [Infographic]](https://cdn.confessionsoftheprofessions.com/media/2020/09/decline-of-cash-in-a-digital-age-web.jpg "The Decline of Cash in a Digital Age [Infographic]")
Kylie Moore https://www.traviscu.org 1m 123 #covid19
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The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
COVID-19 hasn’t just changed how we’re spending or saving our money – it’s changed how we’re handling cash as well.
In a new study by Travis Credit Union, half of Americans said that they’ve been using less cash during COVID-19 than they were before the pandemic. Many have even gone so far as to avoid a situation that called for cash – no surprise, given that 1 in 3 say they’re not using it due to health concerns.
Highlights include:
- 58% of Americans plan to stop using cash completely after the COVID-19 pandemic
- 49% want cash and coins phased out permanently after the COVID-19 pandemic
- 7 in 10 foresee a completely cashless future
Take a look at the full study, which includes a breakdown of cash habits by generation.
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