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Cashing Out?

As U.S. Shifts Toward Cashless Society, a Professor Explains Pros, Cons

By Kiplinger’s Personal Finance

Cashless payment illustration

Illustration by iStock

Illustration by iStock

An increasing number of Americans are making purchases without pulling out their wallets. In a Q&A published yesterday in Kiplinger, Joseph Bailey, associate research professor at the Robert H. Smith School of Business and executive director of the QUEST Honors Program, discussed the pros and cons of an increasingly cashless society—and suggested looking at college students to see the future of how we spend. Read the Q&A here.

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