3 ms·

I don't think it's tied that much to age, but rather local culture. For example this mindset is prevalent in Germany and Switzerland to the point where many loc

I don't think it's tied that much to age, but rather local culture. For example this mindset is prevalent in Germany and Switzerland to the point where many locals look at you weird when you ask them why they prefer cash. (There are other historical reasons here too, but that doesn't take away from the main point.)

JumpCrisscross 3y ago
> when you ask them why they prefer cash Would they also say they spend cash more loosely than card? That's the phenomenon being described, not absolute preference.
- Etheryte 3y ago
  In the conversations I've had with people from Germany and Switzerland it's the other way around, with cash they're more aware and thus more frugal with their spending.
  - JumpCrisscross 3y ago
    Right. That’s what the article says. OP described an opposite reaction which I share. The hypothesis of local culture doesn’t work because the cultures you named align with the paper, which seems to be the default tendency worldwide.