“According to a recent Pew Research Center survey, nearly 30% of Americans say they make no cash purchases during a typical week. The U.S. is moving quickly toward more cashless transactions, but it still lags some European countries, such as Sweden, Denmark and Norway” said Joseph Bailey, an associate research professor at the Robert H. Smith School of Business at the University of Maryland, as he discusses the pros and cons of a cashless society.

Read this article: “America Lurches Toward a Cashless Future” at Yahoo Finance.