Cash Is Still King

Despite what you've heard, cash is far from dead.

Even as technology has changed the way we spend our money, consumers still prefer the reliability of cash in numerous transactions, according to the Federal Reserve Bank of San Francisco's 2015 Diary of Consumer Payment Choice, which was released Thursday. In fact, cash was the single most commonly used form of payment.

Cash was used in nearly one third of all transactions in 2015, down from 40% in 2012, the last time the study was conducted.