Why Don’t Millennials Use Cash?
Now of course the use of electronic payment methods is not limited to just Millennials. Boomers and Silents are also moving away from cash transactions, but Millennials are certainly leading the charge. If your business requires a minimum purchase to use a card, you’re probably losing customers among the largest demographic group. Millennials represent 24.6 percent of the population vs. 23.3 percent for the Baby Boomers.
I’m waiting to see the first panhandler with a card reader. Let me know if you spot one.