Why You Probably Pay Cash When Buying Stuff You Don’t Need

We pay with credit to remember and cash to forget

Ben Le Fort
4 min readMar 8, 2024

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Photo by ian dooley on Unsplash

We are rapidly moving to a cashless society.

Research from The Federal Reserve Bank of San Fransico shows that the share of payments settled in cash has decreased from 31% in 2016 to 20% in 2021:

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Ben Le Fort

I write about behavioral finance & evidence based investing. Want to work with me? e: info@benlefort.com Here's my Substack: https://benlefort.substack.com/