Millennials More Receptive To Dumping Cash
Forty per cent of
whippersnappers Millennials are ready to dump cash in favor of electronic banking. My only two real reservations about a "cashless" society are 1) security, or lack thereof, and 2) it's easier to swipe something that to part with some of the green stuff - maybe too easy.
A new BI Intelligence study surveyed 1,500 Millennials (ages 18-34) to explore how they use physical and digital banking channels. The banking habits of Millennials, who compose the largest share of both the US and employed populations, are crucial in determining the future of retail banking.
BusinessInsiderA large share of US millennials are ready to give up cash completely and that's bad for ATM providers.