• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

Cash Now Used for Fewer Than Half of All Payments by Consumers

May 23, 2016 Leave a Comment

With cashless payments gaining popularity, cash was used in Britain for fewer than half of all payments by consumers for the first time in 2015. Cash made up 45.1% of payments in 2015, compared with 64% in 2005, and is expected to fall to just a quarter by 2025. As cash will be replaced with payments by contactless cards, consumers need to cautions about spending. Research from Drazen Prelec and Duncan Simester of the Sloan School of Management at MIT shows that consumers spend more money when using a credit cards rather than cash. (theguardian.com)

Related

Leave a Comment Cancel reply

Must Read

  • Professional Panda Cuddler as the World's Best Job for $32,000 per Year
  • What's the Recommended Temperature for Vacant Home in Winter?
  • How to Refinance a Paid Off Car
  • Peter Adeney, the Man behind Mr. Money Mustache, Earns $400,000 a Year on His Blog
  • How to Cash Out Pension Plan Early
  • The Best Day of the Week to Buy Mutual Funds
  • How to Reach a Live Person at IRS to Resolve Tax Problems
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • 61% Now Living Paycheck to Paycheck
  • Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes

Recent Posts

  • 5 Tips To Get The Best Value On An Insurance Policy
  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • The Hit to Your Pocketbook From Higher Gasoline Prices: $2,000 a Year
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers
  • Survey: 7 In 10 Americans Living Paycheck To Paycheck
  • Fed May Issue Digital Currency

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2023 · Personal Finance News