Cash is making a comeback as almost half of all households now use more coins and banknotes than last year
Nearly half of all households now use more cash than last year as coins and notes make a comeback.
Rising costs have led to increased use of cash, with many resorting to a way to track their spending, according to a study by Credit Karma.
Young people have used cash more than older generations, as nearly two-thirds of 18-34 year olds say they use cash now more than 12 months ago.
In demand: Rising costs have led to increased use of cash, with many resorting to a way to track their spending, according to a study by Credit Karma
Meanwhile, nearly half of 45 to 54-year-olds say they use more physical money, compared to a third of those over 55.
This is because older generations already used more cash than their younger counterparts.
More than one in five young people say they feel more in control of their finances when they use cash, while others say they use it to avoid debt or credit card charges.
l.purkess@dailymail.co.uk