The statistic comes from the final Access to Cash Review, published in March 2019.
According to the report, 17% of the population would struggle to cope in a cashless society - that's 8 million people!
Some key figures from Access to Cash report
- 97% carry cash on them
- 85% keep cash in the home
- 16.5% keep more than £100 in their home
- Average cash people carry on them – £41
- Average cash people have at home – £84
- 65% of people with mental health issues might find it harder to manage their money.
- 67% of people on low incomes might struggle to balance their household budget.
- 63% of people would lose the value of money: they say holding cash in your hands makes you think more about how you spend it.
