GO
Loading...

One in 10 Americans don’t carry paper money anymore

It could be a portent of the long-foretold cashless society, or just a sign of consumer confidence, but nearly one in 10 Americans no longer carry cash on a daily basis, according to a new report from Bankrate.com.

Meredith Mullins | E+ | Getty Images

The survey, conducted by Princeton Survey Research Associates International, also found that 78 percent of Americans carried less than $50 in paper money, and that 49 percent carry $20 or less each day. Nine percent went without cash entirely, the survey found.

More from Bankrate:
Don't chase a perfect credit score
How to hire an appraiser
5 'easy' income strategies: The reality

"If we move to a truly cashless society, it won't be much of an adjustment for most Americans," Greg McBride, Bankrate.com's chief financial analyst, said in a press release. "The vast majority of Americans carry $50 or less on a daily basis, which seems to indicate that it's more out of necessity than a desire to pay with cash."

Read MoreThe Growing Perils of the Cashless Future

The survey also found that cash-carrying correlated to some degree with gender: Eighty-six percent of women reported carrying less than $50, compared to 70 percent of men.

—By CNBC

Contact Consumer

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More