Categories: Market

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.

More about cash
Goodbye, cash!
Only card instead of cash – now also in large restaurant chains
Cashless in the fast lane
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This is the money you should set aside for emergencies
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The Swiss are really stingy when it comes to tips
Too expensive, afraid of thieves
Soon you will no longer be able to buy tickets from Postbus if you have cash
Expert with clear views
Do we really have better control over cash expenditures?

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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