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Trying to save money? Our research suggests paying in cash – while you still can

  • Written by: Lachlan Schomburgk, PhD Researcher in Marketing, University of Adelaide
Trying to save money? Our research suggests paying in cash – while you still canMultifacetedGirl/Shutterstock

Cash is in crisis. In Australia, it’s now only used for 16% of in-person transactions, down from about 70% in 2007.

The situation is so dire that on Monday, independent federal MP Andrew Gee introduced a private member’s bill that would force businesses to accept cash or else face big fines.

Woman makes EFTPOS payment using phoneDigital wallets...

Read more: Trying to save money? Our research suggests paying in cash – while you still can

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