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.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.