Released: May 12, 2014

What’s in your wallet? Probably not cash

Source: Jonelle Marte - The Washington Post

Almost nobody carries cash anymore, a new study shows, and those who do, don't carry much. Roughly eight in 10 people carry less than $50 cash in their wallets on a regular basis, according to a new report from Bankrate.com. Close to 50 percent of Americans carry $20 or less each day, including nine percent who don't carry any cash at all. And only 7 percent carry more than $100 each day. "Consumers prefer to pay with plastic, debit or credit or some other type of mobile technology," says Greg McBride, chief financial analyst for Bankrate.com.

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