Final Note

Cash is still king, sort of

Kai Ryssdal May 12, 2014
HTML EMBED:
COPY
Final Note

Cash is still king, sort of

Kai Ryssdal May 12, 2014
HTML EMBED:
COPY

A peek inside our wallets by the Federal Reserve Bank of San Francisco.

They did a study on how we spend money. Not on what do we spend money, but literally how does it get spent: Cash? Credit?

Here’s how it breaks down:

By absolute number of transactions: Cash is king at 40 percent.

But once you take the value of transactions into account, it’s a whole different ballgame.

The average value of a cash transaction is only $21, compared with $168 for checks and $44 bucks for debit cards.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.