More than half of Gen Z says they only use cash as ‘a last resort’ and doing so is ‘cringe,’ survey shows
Update: 2025-11-01
Description
Gen Z Ditches Cash: The Rise of Cards and Buy-Now, Pay-Later ServicesThe latest Federal Reserve study reveals that cash is now the third most common payment method in the US, with Gen Z leading the way in avoiding paper money. A Cash App and Harris Poll survey found that over half of Gen Z uses cash only when necessary, with many preferring tap-to-pay or mobile wallet apps like Apple Pay. The average American makes nearly fifty payments a month, with only seven in cash. Meanwhile, buy-now, pay-later services are gaining popularity among young shoppers, allowing them to split purchases into smaller payments without much credit history. However, financial advisors warn of the risks of too many installment bills, which can lead to debt trouble.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
