Trying to save money? Research suggests paying in cash—while you still can
Cash is in crisis. In Australia, it's now only used for 16% of in-person transactions, down from about 70% in 2007.
Cash is in crisis. In Australia, it's now only used for 16% of in-person transactions, down from about 70% in 2007.
Social Sciences
Jun 5, 2024
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For many years, the Indonesian government's food aid program sent bags of rice to villages, where local leaders were supposed to distribute them to poor residents every month. But starting about five years ago, Indonesia ...
Economics & Business
Mar 2, 2023
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We are used to thinking of money as notes and coins, the kind most of us hold in our wallets. But most money—in Australia it's 96.3%—is digital, held by financial institutions and moved around via bank transfers, debit ...
Economics & Business
May 5, 2022
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The coronavirus pandemic disrupted the U.S. economy, yet the dynamics of micro-level consumer spending among low-income populations are not well understood. A study published in PLoS ONE by Song Gao at University of Wisconsin, ...
Economics & Business
Sep 8, 2021
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If you've been out and about in the United States in the past few weeks (masked up, of course), you may have noticed a strange sound. Or rather, the lack of one: loose change jangling around.
Economics & Business
Jul 20, 2020
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A recent college graduate has come up with a new way to help himself and others carrying student debt to reduce their loans faster.
Economics & Business
Nov 27, 2019
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In an important new article, University of Pennsylvania Law School Professor Natasha Sarin deploys original empirical research to examine the impact of key consumer finance reforms implemented in the wake of The Great Recession. ...
Economics & Business
Sep 24, 2019
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In Lebanon, around 350,000 Syrian refugees don't have access to enough safe and nutritious food. To stem the crisis, the World Food Programme (WFP) of the United Nations introduced an electronic voucher system to distribute ...
Social Sciences
Jun 26, 2019
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Researchers have known for years that parting from cash can be a psychologically painful experience for many people—much more so than spending money with a credit or debit card. The emotional discomfort is significant enough ...
Economics & Business
Apr 1, 2019
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With an increasing number of US businesses no longer accepting cash, Philadelphia—the City of Brotherly Love—is taking a stand to protect the so-called "unbanked" and will force merchants to accept greenbacks.
Business
Mar 9, 2019
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