Financial Fellow

Financial Insight for Young Professionals

Poll: Do You Still Carry Cash?

December 17th, 2008 · 2 Comments

Written by J.P. Wicklein

     We are becoming an increasingly cashless society.  Several years ago if you paid for your lunch at Subway with a credit card you’d get strange looks. Now, when I go to lunch at Subway it seems like half the people in line opt to pay with plastic instead of cash. It appears to have become just as acceptable to pay for $5 - $10 purchases with a credit or debit card as it is to use cash. Further, it’s becoming increasingly rare for me to see anyone paying cash for more expensive purchases. Why is this?

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Tags: Credit Cards · Money