Americans are using cash for less transactions, and those with higher earnings are more likely to choose a totally cashless lifestyle.
According to a recent study by the Pew Research Center, 41% of American adults would indicate that they don't spend any money on a normal week
Americans with lower income levels are more likely to use cash than wealthy people.
Who choose credit cards and other forms of electronic payment.
But according to Pew, the proportion of consumers making cash transactions has consistently decreased across all income levels.
Compared to 18% in 2018 and 24% in 2018, just 14% of American adults claim they still make all or virtually all of their transactions using cash.