Trends in Cash Usage

Did you know? Consumers use cash for half of all of their transactions valued at less than $50, and they choose to use cash more frequently than any other payment instrument, including debit or credit cards.1 Cash is either the most used or second most used payment instrument across a wide array of spending categories, and consumers of low-, middle-, and high-income categories all make an average of 23 cash transactions a month.

Moreover, U.S. currency is used widely as a trusted store of value, with over $1 trillion in circulation globally. The Cash Product Office (CPO) of the Federal Reserve System works closely with financial institutions, merchants, and other industry partners and conducts research to understand trends in cash use and the enduring role that cash continues to play in consumer transactions. Select an icon below to learn about a few of these programs.