Oyin Adedoyin
speaker
1,572 appearances
36 recordings
1 series
first heard Mar 2023
last heard Feb 2025
Oyin Adedoyin’s voice in public audio — every appearance, attributed to the second.
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Appearances
59% of Americans said that they increased their use of digital payment methods last year, according to MasterCard's new payments index.
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There's so many things that you can put on your phones these days.
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It turns out that the implementation of Apple Pay in subway terminals, on buses, and at grocery stores has actually helped to increase the number of people who actually put their credit cards on their phones as opposed to using the physical card.
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Well, the pandemic also really played a big role in this, too.
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Four in 10 Americans say none of their purchases in a typical week are paid for using cash, according to a 2022 survey from the Pew Research Center.
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And that's up from 29 percent in 2018 and 24 percent in 2015.
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Well, listen to this.
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So apparently people carry an average of $67 in their wallets.
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That might be a little bit too much, though, some financial experts say.
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Chelsea Ransom Cooper, for example, who is the director of financial planning at Zenith Wealth Partners, suggests that people only need about $30.
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People need cash for maybe unexpected moments like tipping, but it can also be something that people need to keep track of in their day to day.
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I spoke to this professional poker player from New York, and he said a good rule of thumb for him is to only ever carry a sum of cash in your wallet that you're mentally prepared to lose.
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Yeah, exactly.
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He did say that he's carried anywhere from like thousands of dollars in cash to like tens.
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Yeah, exactly.
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But that can actually work to some people's advantage.
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I spoke to a marketing professor in Boston who studies spending behavior, and she says that paying in cash can actually help to curb overspending because the emotional toll of spending bills is greater than when you pay with your phone or a credit card, for example.
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Yeah, exactly, because it's physically painful to see cash go away.
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But when you're paying with your phone or when you're paying with a card, it doesn't really register as much.
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So I learned that people who walk around with too many things in their wallets are actually at a greater risk of identity theft because those are little things that can help someone who might steal your wallet to identify who you are and get into your accounts and other sensitive information.
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Showing 1461–1480 of 1,572 · page 74 of 79
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