Saturday, March 17, 2012

Women lead Canada into the cashless society

And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
Revelation 13:16-17

As reported by Postmedia News, March 14, 2012:

Women are increasingly eschewing the ATM and relying on their debit cards to shop, while men are more likely to use old-fashioned paper money, says a new survey.

Twenty-eight per cent of women surveyed for RBC/Shoppers Drug Mart said they rarely or never withdraw cash. Just over three-quarters said they carry $50 or less in their wallet. By contrast, a third of the men surveyed said they often carry more than $50, and only 22% said they regularly avoid the bank machine. In a news release, RBC vice-president Wayne Bossert said that while Canadians are still willing to carry cash, debit cards are becoming the favoured means of payment. "We are increasingly becoming a cashless society," Bossert said.

The results of the survey also suggested that only one-third of women will use an ATM up to twice a week in an effort to keep cash on hand, compared to 41% of men.

The poll was conducted by Ipsos Reid between Feb. 21 and 27 and surveyed 1,013 Canadians. An unweighted survey of that size has a margin of error of 3.1 percentage points, 19 times out of 20.

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