According to this infographic from Visual Capitalist, a cashless society is gaining momentum across the developed world. Here are some questions that you can use with your students to get the conversation going:

• What are examples of non-cash transactions?
• Which country has the largest percentage of non-cash transactions? Which continent?
• From a government’s perspective, what is the advantage of a cashless society (hint: have to read the short article to understand this)?
• Why do you think that some countries have different adoption rates of cash vs. non-cash transactions?
• What has been the growth in cashless transactions around the globe over the past five years? Is it increasing or decreasing?
• Which country has the most credit cards per person?

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Check out this NGPF Lesson on Payment Methods

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.