# kaal:claim:3406323-016

**Claim.** Transacting in cash costs United States consumers roughly 200 billion dollars annually, about 637 dollars per person, driven by counting, managing, storing, transporting, guarding, and accounting for bank notes.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- United States

**Source quote.**

> In the United States, transacting in cash costs the consumer around 200 billion dollars annually - about $637 per person.

**From.** Wulf A. Kaal, *Decentralization - A Primer on the New Economy* (2019), IV. Opportunities, page 10

**Cite as.** Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

**Verify.** sha256 of source PDF `6293780b57a1ae1de17ec00f99cc94295d4f72ea4d08b17a5c08c44772b221db` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralization%20-%20A%20Primer%20on%20the%20New%20Economy.pdf

**Topics.** institutional-design

**Keywords.** cost-of-cash, payment-systems, consumer-costs, united-states

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