More than 90% of consumers intend to use cash as either a means of payment or store of value in the future. Since 2016, the Federal Reserve has conducted this annual consumer survey to better understand the payment habits of U.S. consumers., “Compared to five years ago, 34% of all Americans are more likely to carry cash today. Interestingly, 40% of men are more likely, compared to only 29% of women.”, According to the survey, the majority of respondents — 35.85% — have $100 or less in cash at home. Another 30.85% of respondents said that they have between $101 and $500 at home, while just over, Market uncertainty and the threat of a recession are the top reasons people stash money in cash, as noted by 44% of Gen Xers, 42% of Millennials, and 39% of both Gen Zers and Baby Boomers., How Often Do U.S. Adults Carry Cash? A new SSRS Opinion Panel poll finds that about half (46%) of U.S. adults carry cash always or most of the time on an average day when they leave home; 20% carry cash sometimes, while 34% rarely or never carry cash., During the pandemic, average cash holdings per consumer soared from $241 in 2019 to $418 in 2022. This is cash people have on hand, just in case. The diary also says that most people still carry cash, as roughly 80% held cash at least one of the diary’s three survey days..