The War on Cash May Already Be Over
Cash is no longer king.
U.S. consumers are significantly more likely to use credit or debit cards than they are to use cash when making a purchase. In fact, more than 70% of them are most likely to pull out either a credit or debit card for a personal purchase, compared to 23.8% who are most apt to use cash, according to a new survey from Business.org.
But if people are using plastic more commonly, that doesn't mean they're entirely unworried about doing so. Nearly half (47.8%) of those surveyed said they believe cash remains the safest way to pay. Using a card in a device with a chip reader was second (29.8%), while a magnetic-strip swipe device (16%) came in third.
Source Fool.com
