Lunchtime Trivia Friday, May 12

Q: When it comes to money finance and savings over half of those surveyed said that they do this. What is it?

A: Have cash stashed at home and have an average of $1000 in cash.

Cash might not be the king of retail anymore, but Americans still believe it’s “unbeatable” for savings and lending.

A poll of 2,000 US adults found 51% have cold hard cash stored away in their homes. Of them, the average person has $1,010 stashed somewhere safe in their home.

Over half of respondents (58%) said they prefer keeping their savings in cash, just in case of an emergency.

TOP USES FOR CASH

Smaller purchases – 43%

Personal grooming appointments – 39%

Smaller emergencies – 35%

Public transportation – 32%

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