Cash is Still Popular Payment Method

NBC - A new survey finds that consumers are still clinging to cash to make their purchases, despite the rise in digital wallets and mobile payment applications.

According to a survey by marketing firm, Hill Holliday, about 76-percent of consumers still carry cash daily, even if they use other payment methods.

More than half say they "hate" the idea of life without cash.

While mobile wallets are trendy among millennials, the study finds that 45-percent of people over 40 have never used mobile payments.

However, 58-percent of consumers currently using mobile payments only started doing so in the past year.

Researchers say many businesses are still reluctant to accept mobile transactions due to costs and perceived lack of interest among consumers.