{"id":1921828,"date":"2023-05-01T01:13:23","date_gmt":"2023-05-01T05:13:23","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cash-use-rises-as-households-struggle-to-cope-with-high-inflation\/"},"modified":"2023-05-01T01:15:24","modified_gmt":"2023-05-01T05:15:24","slug":"cash-use-rises-as-households-struggle-to-cope-with-high-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cash-use-rises-as-households-struggle-to-cope-with-high-inflation\/","title":{"rendered":"Cash Use Rises as Households Struggle to Cope With High Inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcash-use-rises-as-households-struggle-to-cope-with-high-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1921828&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Cash Payments Make a Comeback as Inflation Soars<\/h2>\n<div>\n<p>As <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-expected-to-keep-peak-rates-for-longer\/\" title=\"Fed Expected to Keep Peak Rates for Longer\">inflation rates continue<\/a> to rise, households are turning to cash payments to manage their daily expenses. According to a recent survey by Credit Karma and The Harris Poll, 53% of adults in the United States and 46% in the United Kingdom are more likely to use cash than they were a year ago. This marks a reversal of the trend towards digital payments that has been ongoing for decades.<\/p>\n<p>The survey also found that younger generations, such as Millennials and Gen Z, are leading the surge in cash use. Many are turning to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-new-acting-attorney-general-jeff-rosen-recently-wrote-an-essay-on-foreign-influence-in-us-elections-this-tells-us-a-little-about-his-knowledge-of-whats-going-on-today\/\" title=\"The New Acting Attorney General Jeff Rosen Recently Wrote an Essay on Foreign Influence in US Elections \u2013 This Tells Us A Little About His Knowledge of What\u2019s Going On Today\">social media platforms<\/a> like TikTok and Facebook to learn about budgeting techniques like &#8220;cash-stuffing&#8221; and envelope budgeting.<\/p>\n<h3>Benefits of Cash Payments<\/h3>\n<ul>\n<li>Using physical money makes people more conscious of their spending habits, leading to less impulsive purchases.<\/li>\n<li>Cash payments are more widely accepted than digital payments, especially in small businesses and rural areas.<\/li>\n<li>Cash payments provide a sense of security and privacy, as they cannot be hacked or traced like digital payments.<\/li>\n<\/ul>\n<p>Despite the growing popularity of digital payments, many consumers are finding that they spend more than intended when using them. Over two-thirds of survey respondents admitted that digital payment methods made them spend more than they had planned.<\/p>\n<h2>The Future of Cash Payments<\/h2>\n<p>The rise in cash use may not be temporary, as studies by the Federal Reserve and the Bank of England suggest. The BOE noted in October that it had seen a &#8220;sustained, if partial, recovery in cash use&#8221; post-pandemic and that banknotes in circulation have risen close to a historic high. <\/p>\n<p>However, central banks worldwide are pushing ahead with plans to introduce digital versions of their currencies, which has sparked concerns about privacy and government surveillance. The continuous rise in cash use may depend on how central banks manage to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cash-use-rises-as-households-struggle-to-cope-with-high-inflation\/\" title=\"Cash Use Rises as Households Struggle to Cope With High Inflation\">tame stubbornly high inflation rates<\/a> in the coming months.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u00a0and The Harris Poll conducted a survey last month, which showed that 53 percent of<\/p>\n","protected":false},"author":1,"featured_media":1921829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[4119,14638,10767,5708,12396,4908],"class_list":["post-1921828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-cash","tag-cope","tag-households","tag-inflation","tag-rises","tag-struggle"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1921828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1921828"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1921828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1921829"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1921828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1921828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1921828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}