Cash or credit? New survey says there’s a ‘generational divide’

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A national survey by CreditCards.com says there’s a generational divide when it comes to using cash or credit.

The website conducted a phone survey involving 983 adults with credit cards. For purchases that come to less than $5, 11 percent prefer using credit cards, 22 percent debit cards and 65 percent cash.

But in a closer look, 51 percent of callers between the ages of 18 to 29 would rather use cards than cash. In the 65 plus bracket, 82 percent prefer cash.

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