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Young people and cash

Generation Z: a generation that still prefers cash

Oct, 2025

Far from disappearing, cash remains popular among Generation Z: in Ireland, 35% of 18–24-year-olds use it daily. For Helena Müller (Diebold Nixdorf), its resilience can be explained by the ‘Lindy effect’ and practical advantages (security, privacy and spending control). Furthermore, recent evidence from CashEssentials confirms that 18–27-year-olds pay with cash at a similar rate to the average and also store it at home more often. Overall, the outlook points to a future of hybrid payments, where physical money coexists with digital money as a tool for autonomy and inclusion.

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