When it comes to young people, cash is king [Video]

Contactless payments might be the future, but for young people cash is still king, a surprising new study has found.

Those aged 18 to 24 are the biggest users of cash, with 35% using it every day, compared to just 26% of those aged 35 to 44 and only 23% of over-65s, a survey by An Post found.

Despite the growth of digital wallets and card-tapping technology, more than a quarter of people of all ages (28%) say they use notes and coins every day, while just 2% said they never use cash.

Researchers noted that the low number of over-65s reporting cash use might be because this age group are not regularly making daily purchases.

Almost half (44%) of those surveyed said they reach for cash most often when buying groceries and small items, while 38% use cash most often when gifting to loved ones.

Irish consumers also often use cash for tipping in bars and …