World of Cash
Cash Myths – Busted!
Dispelling the Many Myths About Cash
Cash is a hot topic right now – and has been for many years! And with so many myths floating around about cash, we wanted to set the record straight and let you know some interesting (and truthful) facts about the world of cash – and why cash is so important to our society!
Over $1 billion
was withdrawn from U.S. ATM machines during 2023
(Federal Reserve System 2024)
40% of Americans
would find living in a cashless society problematic
(Gallup News 2023)
67%
of Americans use cash as their primary in-store payment method day-to-day
(YouGov Business 2024)
12 billion
cash payments were made in the UK during 2024
(The Association of Corporate Treasurers, 2024)
$7.6 trillion
was spent in cash at POS across the globe in 2022
(FIS Worldpay Global Payments Report, 2023)
$2.37 trillion
is the estimated amount of cash in circulation in the United States
in 2024, and continues to increase
(The Federal Reserve System 2025)
$1,552
was the average dollar loss (per dishonest employee)
during 2024 in the U.S.
(Annual Retail Theft Survey 2024)
$36.8 trillion
is the approximate amount of cash in circulation globally
(Money Mentor, 2024)
$74
is the average amount of cash Americans carry on them on a daily basis – before the pandemic the average amount was $60
(Federal Reserve Diary of Consumer Payment Choice 2024)
Cash
remains the third most popular form of payment in the U.S. after credit and debit cards
(YouGov Business 2024)
45%
of consumers over the age of 55 prefer to use cash rather than credit or debit cards
(Federal Reserve Diary of Consumer Payment Choice 2024)