The concept of cashless society refers to an economic state in which financial transactions are executed in an electronic format and without banknotes. According to a nationally representative survey among consumers in the United Kingdom conducted in November 2018, approximately 23 percent of respondents needed cash because a lot of local businesses still only accept cash. Further reasons why people need to carry and pay in cash are the fear of overspending, lack of access to a debit or credit card, and being paid in cash.
Share of respondents who are unsure how they would cope or would not cope at all in a cashless society in the United Kingdom (UK) in 2018, by reason
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Access to Cash Review. (March 1, 2019). Share of respondents who are unsure how they would cope or would not cope at all in a cashless society in the United Kingdom (UK) in 2018, by reason [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/1058143/share-of-people-who-would-struggle-in-cashless-society-by-reason/
Access to Cash Review. "Share of respondents who are unsure how they would cope or would not cope at all in a cashless society in the United Kingdom (UK) in 2018, by reason." Chart. March 1, 2019. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/1058143/share-of-people-who-would-struggle-in-cashless-society-by-reason/
Access to Cash Review. (2019). Share of respondents who are unsure how they would cope or would not cope at all in a cashless society in the United Kingdom (UK) in 2018, by reason. Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/1058143/share-of-people-who-would-struggle-in-cashless-society-by-reason/
Access to Cash Review. "Share of Respondents Who Are Unsure How They Would Cope or Would Not Cope at All in a Cashless Society in The United Kingdom (Uk) in 2018, by Reason." Statista, Statista Inc., 1 Mar 2019, https://www.statista.com/statistics/1058143/share-of-people-who-would-struggle-in-cashless-society-by-reason/
Access to Cash Review, Share of respondents who are unsure how they would cope or would not cope at all in a cashless society in the United Kingdom (UK) in 2018, by reason Statista, https://www.statista.com/statistics/1058143/share-of-people-who-would-struggle-in-cashless-society-by-reason/ (last visited October 07, 2024)
Share of respondents who are unsure how they would cope or would not cope at all in a cashless society in the United Kingdom (UK) in 2018, by reason [Graph], Access to Cash Review, March 1, 2019. [Online]. Available: https://www.statista.com/statistics/1058143/share-of-people-who-would-struggle-in-cashless-society-by-reason/
