kaal:claim:3808867-039

Transacting in cash costs United States consumers roughly 200 billion dollars annually, about 637 dollars per person, driven by the costs of production, storage, and transportation.

Source quote, verbatim

In the United States, transacting in cash costs the consumer around 200 billion dollars annually— about $637 per person annually, which is a result of the cost of production, storage, and transportation, among other factors.

From

Wulf A. Kaal, How Decentralized Systems Can Upgrade AI (2021), V. Decentralized Commerce, p. 19
https://ssrn.com/abstract=3808867 · source PDF

Cite as

Wulf A. Kaal, How Decentralized Systems Can Upgrade AI (2021). SSRN: https://ssrn.com/abstract=3808867

Holds when

United States, early 2020s

Classification

empiricalsupport: evidencedeconomicsempirical-evidence

Related claims

restates kaal:claim:3402701-006 Transacting in cash imposes large measurable costs: roughly 200 billion dollars annually in the United States,...

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