While many businesses are going cashless these days, not everyone loves the idea of being forced to pay for things with a card or phone.
A new survey conducted by OnePoll on behalf of Cash Connect finds a lot of folks prefer cash.
- In fact, 51% of folks say using cash helps them budget their money.
- Gen Z are the most likely to prefer cash, with 52% saying it’s their preferred payment option.
- 77% of folks insist there is nothing worse than finding out they need cash and not having it.
- But many people make sure that never happens.
- Most people say they keep an average of $52 on them at all times.
- 75% also keep an emergency stash of about $89.
- 20% say that emergency stash is more than $200.
- As for where they keep that emergency stash:
- 29% will keep it in a purse or wallet.
- 18% will keep it in a home safe.
- But many others will keep their emergency stash in a more unusual spot including
- Mattress
- Secret books on the bookshelf
- Trailer hitch
- Old prescription bottles
- Of course, not everyone prefers to use cash all the time, but it seems there are some specific things folks would rather pay in cash. Those include:
- Tips (48%)
- Fast food (44%)
- Candy/snacks (37%)
- Coffee (32%)
- Gas (27%)
- Groceries (24%)
- Drinks at a bar (22%)
- Personal care (21%)
- Gifts (18%)
Source:SWNS Digital
Photo: Getty Images