GITNUX MARKETDATA REPORT 2024

Cash Carrying Statistics

The average amount of cash carried by individuals for daily transactions is approximately $60.

Last Updated: June 22, 2024

How we write

In this post, we explore fascinating statistics surrounding the global use of cash and the trends in carrying physical currency. From the number of adults without bank accounts to preferences across different regions, these figures shed light on how cash remains a significant aspect of day-to-day financial transactions worldwide.

Statistic 1

"Roughly 1.7 billion adults globally don't have bank accounts and rely on cash."

Statistic 2

"On average, Americans carry around $74 in cash."

Statistic 3

"77% of customers carry less cash today than they did 10 years ago."

Statistic 4

"In Asia, 69% of the population still uses cash for their daily expenses."

Statistic 5

"About 24% of Americans don't carry cash when they go out shopping."

Statistic 6

"11% of the global population receives wages in cash."

Statistic 7

"Cash in circulation worldwide has doubled to $4.9 trillion since 2007."

Statistic 8

"US adults aged 65 and older are most likely to be cash-reliant. Almost 61% preferred using cash for transactions."

Statistic 9

"About 45% of merchants in Japan prefer cash over other payment methods."

Statistic 10

"Africa leads the way in cash use, with over 98% of consumer transactions being done in cash."

Statistic 11

"Latin Americans carry 13% more cash than the average global amount."

Statistic 12

"26% of adults in the UK typically carry no cash."

Statistic 13

"In the euro area, an average amount of €65 in cash is carried in wallets."

Statistic 14

"The total value of cash payments in Australia dropped by 32% between 2010 and 2019."

The statistics presented highlight the continued prevalence of cash usage in various regions around the world, despite the rise of digital payment methods. While a significant portion of the global population remains unbanked and relies on cash for transactions, there are notable differences in cash-carrying habits among different demographics and countries. The data shows a trend towards reduced cash usage over the years, particularly in more technologically advanced regions. However, cash continues to play a significant role in many economies, with preferences varying across age groups and merchant sectors. The statistics underscore the importance of understanding the nuances of cash usage patterns to inform financial policies and payment system developments in different regions.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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