Sean Gladwell/ Moment/ Getty Images Plus

Research and Statistics

Going cashless? Millennial women in the South lead the way


While three in 10 Americans say they never or rarely carry cash anymore, millennial women in the the Southeast and Southwest are leading the way, a Capital One study finds. The laggards? West Coast baby boomer men.

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

Three in 10 Americans say they never or rarely carry cash anymore, according to new data from Capital One, with millennial women in the Southeast and Southwest being the least likely to have cash on hand.

Male baby boomers on the West Coast, on the other hand, are far more likely to have greenbacks in their wallet.

Capital One’s survey of consumer spending habits found that while a full third of women report they never or rarely carry cash, less than a quarter of men (22 percent) say the same.

Meanwhile, Americans age 18-35 are the least cash-carrying generation, with 34 percent indicating they generally go cashless, while the share dropped to just 25 percent among baby boomers, who are age 55 and older.

Differences were observed across regions of the U.S as well.

West Coasters were the most likely to carry bills in their wallets, with only 23 percent saying they typically carry none. That’s almost 10 percentage points lower than the cashless crowd in Southeastern and Southwestern states, where almost a third (32 percent) report not carrying cash. Similarly, 31 percent of Midwest respondents reported going cashless most of the time.

Capital One’s survey drew results from approximately 2,000 U.S. adults, with demographics mirroring the national population. It released its results Mar. 22, 2018.

Cardholders want security first from mobile wallets

See related: Infographic: Most Americans OK with going cashless, Parking your car? Garages and meters are going cashless, Video: At festivals, wristbands are the new credit cards, More infographics

To use the graphic on your site, use the following code:

<center><a href=””><img alt=”Cardholders want security first from mobile wallets” border=”0″ src=”” /></a> </center>

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

What’s up next?

In Research and Statistics

Consumer watchdog agency considers deleting complaints from website

CFPB acting director Mick Mulvaney said deleting public database of consumer complaints about companies is an option”

See more stories
Credit Card Rate Report
Cash Back

Questions or comments?

Contact us

Editorial corrections policies

Learn more