Americans used cash for 30% of all transactions in 2017 (Federal Reserve, Nov 2018)
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.
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.
Last Updated: Feb 12, 2020