How much cash do you currently have on you? The answer to this question will likely depend not only on your bank balance but also on the country you live in. As figures from the Access to Cash Review show, there are significant cultural differences in cash usage across Europe. In Greece and Spain, the vast majority of personal purchases are made with cash – 88 and 87 percent, respectively. In Sweden, Denmark, and the United Kingdom, most transactions are paid for digitally.
The report , which focuses on the United Kingdom, found that despite the relatively small proportion of people who rely on cash in their daily lives, over 8 million adults – about 17 percent of the population – would have difficulties in a cashless society.
How much cash do you have with you at the moment? The answer to this question will probably depend, not only on your bank balance but also on the country in which you live. As figures from the Access to Cash Review show, there are significant cultural differences in the use of cash in Europe. In Greece and Spain, the vast majority of in-person purchases are made with cash – 88 and 87 percent respectively. While in Sweden, Denmark, and the UK, most items are paid for digitally.
In the report , which focuses on the UK, despite the relatively low share of people relying on cash in their everyday lives, it was found that over 8 million adults – about 17 percent of the population – would struggle to cope in a cashless society.
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