What’s in your wallet? Probably less than $50

wallet dollarsMost Americans are walking around with less than $50, according to a survey by Bankrate.com.

Of those surveyed, 40% said they usually carry less than $20. Another 29% said they usually carry between $20 and $50.

Women were more likely than men to say they carry less than $20. And people with incomes of $30,000 or less were more likely to say they had less than $20 in their pocket than people with higher incomes.

Those living in the West were more than twice as likely as their counterparts in the Midwest or South to say they don’t carry cash at all.

Many people live their lives in $20 increments thanks to the ATM. Many others use credit and debit cards. And many others still just don’t have the loot.

Cash or credit, the economy doesn’t seem to be getting any better. Most people surveyed said they feel about the same or even less secure than last year about their job security, savings, debt loads, net worths and overall financial security.

Click here to read the Bankrate survey.

As you can see from the photo above, I’m one of those people who rarely has more than $20 in my pocket. Yeah, if it’s a cash bar, someone else is buying the drinks. I’ve always been this way, racking up frequent flyer points on credit cards. What’s in your wallet?

ALSO READ: Americans back to racking up credit card debt.

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