Cash Still More Popular Than Cards
More people still use cash than credit or debit cards for day to day spending
1st February 2004
A survey of 200 people by the Alliance & Leicester has had surprising results for exponents of a cashless society - 57% of consumers still prefer cash to cards for their day to day spending.
Credit cards trailed in third with 15%, debit cards made a strong showing with 22%, while the days of the cheque seem to be largely over, with only 3% of people preferring them to other forms of payment.
Reasons given for the popularity of cash were mainly the ease of budgeting, with people worrying that spending on cards could get out of control and be difficult to keep track of.
Read More: Alliance & Leicester, BBC
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