Cash Use Rises as Households Struggle to Cope With High Inflation

Cash payments have made a comeback as households struggle to cope with high inflation, according to a new study.
After decades of falling cash use, the impact of the rapid inflation growth has been reversing the trend toward digital.
Credit Karma and The Harris Poll conducted a survey last month, which showed that 53 percent of adults in the United States and 46 percent in the United Kingdom are more likely to use cash than a year ago, reported Bloomberg.
Individuals preferring cash rose 19 and 4 percentage points, respectively, over those who did not use it more.
Roughly three in five cash users in both countries said using physical money makes them spend less….