Paying to pay your bills. Gonna get worse?

[reddog21]

I have been noticing more and more restaurants and hair cut/ salon businesses switching to cash only and now I guess I know why.

Federal Reserve stats show the exact opposite. Currently, cash accounts for about 14% of all transactions, while credit and debit cards make up roughly 70%, with the remainder coming from ACH or Venmo-type payments. There’s no way this trend will reverse, especially as more and more countries continue moving toward a cashless society.