I'm wondering if wealthy individuals actually use Cash App in their daily financial transactions. Is it common among this demographic, or do they prefer other methods?
7 answers
KimonoElegant
Thu Dec 12 2024
Higher-income adults tend to use digital payment platforms like Venmo or PayPal more frequently than those with middle or lower incomes.
Sara
Wed Dec 11 2024
This trend indicates a correlation between income level and the adoption of certain digital payment methods.
Martina
Wed Dec 11 2024
Upper-income adults show the lowest adoption rate of Cash App, with only 18% reporting its use.
Elena
Wed Dec 11 2024
On the other hand, lower-income adults have a higher preference for using Cash App.