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Comparing the Speed of U.S. Interest Rate Hikes (1988-2022)

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Dissing Cash

New poll results from the Pew Research Center show a large decrease in Americans’ use of cash in the last seven years. Forty-one percent of individuals asked by Pew in July about all their purchases “in a typical week (including things like groceries, gas, services, or meals)” indicated that they used cash to pay for none of those purchases. This is a big increase from just seven years ago. In answer to the same Pew query in 2015, the cashless spenders came in at 24 percent.

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