Cashing out

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BY THE NUMBERS | Society’s shift away from cash includes at least one surprising consequence

Illustration by Krieg Barrie

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The number of bank robberies in Denmark in 2022, down from 221 robberies in 2000, according to a bank employees’ union. Few Danish banks carry cash today, and fewer people in the Western world are doing so, choosing instead to make payments with cards, smartphones, and online platforms.

13%

The share of Americans who told Gallup in 2022 they still make most or all of their purchases with cash, down from 28 percent five years ago.

71%

The percentage of Americans over the age of 50 who told Pew Research they try always to have cash on hand.

76%

The share of Americans who reported to Pew Research they have used a digital payment service like Venmo or PayPal.

Business & Economy

Cashing out

BY THE NUMBERS | Society’s shift away from cash includes at least one surprising consequence

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13%

71%

76%

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