Finance

Australians don’t like carrying cash

SmartCompany /

Australians feel more uncomfortable carrying large amounts of cash around in their wallet or purse than any other people in the world, a new global survey of more than 7000 people shows.

Australians feel more uncomfortable carrying large amounts of cash around in their wallet or purse than any other people in the world, a new global survey of more than 7000 people shows.

According to the survey, by credit card company Mastercard, 88% of Australians don’t like carrying a lot of money around, ahead of New Zealand (87%) and Singapore (58%).

People from those three countries were also most likely to say they carry less cash around today than they did five years ago.

A majority (60%) of Australian respondents to the survey said they usually carry the equivalent of $US50 or less in their wallet, while people in Italy were the most likely to have a big wad of cash with them. Consumers in Singapore and China were the most likely to carry less than $US50 in cash at a time.

 

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