According to a nationally representative survey among consumers in the United Kingdom conducted in November 2018, approximately 39 percent of respondents kept cash at home because they sometimes needed it (i.e. for paying tradesmen, window cleaner or gardener). Approximately one in five respondents advised that they felt it is good to have some cash in case the IT systems go down.
Share of people who keep cash at home in the United Kingdom (UK) in 2018, by reason
Characteristic
Share of payments
It provides peace of mind
43%
Sometimes they need cash (i.e. paying tradesmen, window cleaner or gardener)
39%
They like to have a choice over how they pay for things
27%
They feel it’s good to have some cash in case the IT systems go down
21%
Cash is more convenient when settling debts with friends or family
16%
It helps them keep on top of their budget
12%
They don’t trust the bank or building society with their savings
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ECB. (March 1, 2019). Share of people who keep cash at home in the United Kingdom (UK) in 2018, by reason [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/1058130/share-of-people-who-keep-cash-at-home-uk-by-reason/
ECB. "Share of people who keep cash at home in the United Kingdom (UK) in 2018, by reason." Chart. March 1, 2019. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/1058130/share-of-people-who-keep-cash-at-home-uk-by-reason/
ECB. (2019). Share of people who keep cash at home in the United Kingdom (UK) in 2018, by reason. Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/1058130/share-of-people-who-keep-cash-at-home-uk-by-reason/
ECB. "Share of People Who Keep Cash at Home in The United Kingdom (Uk) in 2018, by Reason." Statista, Statista Inc., 1 Mar 2019, https://www.statista.com/statistics/1058130/share-of-people-who-keep-cash-at-home-uk-by-reason/
ECB, Share of people who keep cash at home in the United Kingdom (UK) in 2018, by reason Statista, https://www.statista.com/statistics/1058130/share-of-people-who-keep-cash-at-home-uk-by-reason/ (last visited November 09, 2024)
Share of people who keep cash at home in the United Kingdom (UK) in 2018, by reason [Graph], ECB, March 1, 2019. [Online]. Available: https://www.statista.com/statistics/1058130/share-of-people-who-keep-cash-at-home-uk-by-reason/
