Nearly half of Americans don't use cash anymore — and the trend is accelerating

Recent data indicates that nearly half of Americans no longer utilize cash, a trend that is currently accelerating across the country. The shift toward cashless transactions is notably uneven across different economic strata. Specifically, higher-income households are transitioning away from cash at a rate more than twice as fast as lower-income Americans. This growing divide highlights a significant change in financial behavior and payment preferences within the United States population as digital alternatives become dominant.