The concept of cashless society refers to an economic state in which financial transactions are executed in an electronic format and without banknotes. According to a nationally representative survey among consumers in the United Kingdom conducted in November 2018, more than one third of people advise coping in a cashless society would be hard or impossible for them. In contrast, approximately 14 percent of respondents advised that losing cash would be a minor inconvenience in their life.
Distribution of people in the United Kingdom (UK) in 2018, by attitude towards a cashless society
Characteristic
Share of payments
I wouldn’t cope at all. Cash is essential to how I live my life.
14%
I don’t know how I would cope. Cash is very important to how I live my life.
22%
I would cope. But losing cash would be a major inconvenience to how I live my life.
50%
I would cope. Losing cash would be a minor inconvenience to how I live my life.
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ECB. (March 1, 2019). Distribution of people in the United Kingdom (UK) in 2018, by attitude towards a cashless society [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1058161/distribution-of-people-by-attitude-towards-cashless-society-uk/
ECB. "Distribution of people in the United Kingdom (UK) in 2018, by attitude towards a cashless society." Chart. March 1, 2019. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1058161/distribution-of-people-by-attitude-towards-cashless-society-uk/
ECB. (2019). Distribution of people in the United Kingdom (UK) in 2018, by attitude towards a cashless society. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1058161/distribution-of-people-by-attitude-towards-cashless-society-uk/
ECB. "Distribution of People in The United Kingdom (Uk) in 2018, by Attitude towards a Cashless Society." Statista, Statista Inc., 1 Mar 2019, https://www.statista.com/statistics/1058161/distribution-of-people-by-attitude-towards-cashless-society-uk/
ECB, Distribution of people in the United Kingdom (UK) in 2018, by attitude towards a cashless society Statista, https://www.statista.com/statistics/1058161/distribution-of-people-by-attitude-towards-cashless-society-uk/ (last visited August 24, 2024)
Distribution of people in the United Kingdom (UK) in 2018, by attitude towards a cashless society [Graph], ECB, March 1, 2019. [Online]. Available: https://www.statista.com/statistics/1058161/distribution-of-people-by-attitude-towards-cashless-society-uk/
