Wednesday, June 04, 2014

Cashless society? Not so fast, new report shows

CNBC reports:
Americans still like their bills and coins.

Consumers are using cash more frequently than any other type of payment, a new report shows, especially when it comes to relatively small purchases for food and personal care supplies.

"This really surprised me, to be honest," said Barbara Bennett, vice president and chief strategist for the Federal Reserve System's Cash Product Office, and one of the paper's authors.
A setback for Big Brother.