Monday, December 17, 2018

The Panhandler Problem: No Cash

Panhandlers have a problem. Increasing numbers of Americans don't have any cash to give them. Only 53 percent of  the public always carries cash, according to a 2018 Pew Research Center survey, down from 60 percent in 2015. Forty-six percent of the public feels comfortable carrying no cash at all, up from 39 percent who felt that way three years ago.

Percent who feel comfortable without cash by age, 2018
Total adults: 46%
Under age 50: 52%
Aged 50-plus: 38%

Younger adults are leading the way toward a cashless society. More than one-third (34 percent) of adults under age 50 do not use cash in a typical week, according to Pew. Among adults aged 50 or older, the figure is 23 percent. The percentage who don't use cash in a typical week is rising...

Use of cash during typical week in 2018 (and 2015)
Use cash for most purchases: 18% (24%)
Use cash for some purchases: 52% (51%)
Use cash for no purchases: 29% (24%)

Source: Pew Research Center, More Americans Are Making No Weekly Purchases with Cash

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