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The number of people mainly using cash for day-to-day spending hit a four-year high during the cost of living crisis, research suggests. Some 1.5 million adults mainly used cash in 2023 - marking the first rise since 2019, according to UK Finance. UK Finance's head of research Adrian Buckle said: "This is likely to be a reflection of the use of cash to manage a limited budget." But the data from the banking trade body also showed the majority of young people paid for things using smartphones or watches. Nearly three-quarters (72%) of 18 to 24-year-olds regularly used their digital wallets to make contactless payments. Their parents and grandparents were far less likely to spend in the same way.

John asks - have you gone back to cash?

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