Especially older generations: almost three quarters rely on cash

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The majority do not want to do without cash.

Precious metals dealer Philoro said Wednesday that 72 percent of survey respondents do not want to go cashless. Research in St. Held it together with the University of St. Gallen.

According to the information obtained, while the rate of people over the age of 60 who want to hold cash is 90 percent, this rate is slightly lower in the 50-59 age group. 40 percent of 40 to 49-year-olds can imagine going cashless. In the 18-39 age group, this rate is around 30 percent.

Fees matter

According to the authors of the study, not only age but also income affects attitudes towards cash. While 83 percent of those earning less than 4,000 francs a month would like to be able to continue paying in cash, only 59 percent of those earning more than 12,000 francs a month do so.

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St. for the survey. The Institute for Marketing and Customer Insight (HSG) at the University of St. Gallen surveyed 2,633 adults in all language regions of Switzerland from August to September. According to the study authors, the sample is representative. (SDA/kae)

Source :Blick

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Tim

Tim

I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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