Why Customers Carry Less Cash

It is hard to find anyone that carries very much cash anymore. Plastic credit cards have replaced the cash in our wallets. Everyone has reasons for not carrying cash anymore. For some people it is the inconvenience of having to go to the bank or the ATM machine to pull out cash. A lot of people don't like going to the bank or ATM machine to get cash out because it can be a hassle and requires too much work. The person would also have to determine how much money to take out, which for some can be difficult. Other people consider it to be unsafe to carry too much cash in their wallet. When cash is stolen it can never be returned but when a credit card is stolen the card can be cancelled and a new one will be provided. Cash has limits and is only worth face value. Credit cards have a higher spending limit on one card making it easier to have.

General Credit Card Machine References
Customers Charge More on Credit Cards
Effects of Recession on Cash and Credit
Why Customers Carry Less Cash
The Convenience of Credit Over Cash