Americans used cash for 30% of all transactions in 2017 (Federal Reserve, Nov 2018)

Feb. 22, 2019 Share Source
Cash continues to be the most frequently used payment instrument in the United States of America, with cash accounting for 30% of all transactions in 2017.

Summary of report

These findings come from the 2018 report on the Diary of Consumer Payment Choice (DCPC), the fourth Diary study conducted by the Federal Reserve. A demographically-representative sample of approximately 2,800 individuals participated in the Diary in October 2017.

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Download Federal Reserve report here

Last Updated: June 11, 2019