Only 1 in 5 Americans always carries cash

  • Article by: Kim Ode , Star Tribune
  • Updated: May 22, 2013 - 2:55 PM

Open your wallet. Amid the receipts, ticket stubs, credit cards, driver’s license and family photos, is there any cash?

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bluemocoMay. 23, 13 1:20 PM

As long as there is a desire for anonymous transactions, there will be a need for cash. We'll never be a cashless society in my lifetime.

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pagemarshMay. 23, 13 8:00 PM

Japan remains a cash-based society and I have noticed that a large part of the reason they can do this is because crime rates are next to zero and businesses accept any and all cash. Try spending a $100.00 bill in the US on the bus. It can't be done. In Japan, Japanese business men pull out a way-too-big-for-their-pockets wallet from their back pocket and gives the driver the equivalent of a $100.00 and the driver carries change. I can't even think of a shop that doesn't wince when you whip out a Benjamin in the states. We've been moving away from a cash-based society for years and it's hard to push people to carry cash when they won't be able to use it so easily and it could be stolen at any moment.

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alr213May. 24, 1310:27 AM

Only 1 in 5 Americans carries cash because only 1 out of 4 has any.

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kraemer1May. 24, 1310:49 AM

The key word here is "always"....I am still a cash guy but I did forget my wallet one day at home so I can't even say that I "always" carry cash.

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paulskiMay. 24, 1311:48 AM

always carry cash? sometimes I run out of cash so I guess I'm not in the "always" crowd

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msfb99May. 24, 1312:14 PM

Only one in five Americans always carries cash. Don't you mean one in five primarily use cash? Most people have a few bills in their wallets even if they almost always use credit cards.

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braxozMay. 24, 13 2:01 PM

I mainly use a rewards credit card (air miles, gift cards etc) but always have $100 (2 $50s) hidden in billfold for those times when I didn't see the cash only sign when going into the restaurant or impulse stop at a garage sale.

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