You are here: Home - Household Bills - News -

Cash is top choice for parking payments

0
Written by:
13/09/2021
Older drivers and those from low-income households prefer to use cash to pay for parking rather than a card or an app, research shows.

More than half (56 per cent) of people 65 and over said their top payment preference is physical cash, according to the survey by the AA.

Three fifths (62 per cent) of those from low-income families said cash was their first choice.

Younger drivers on the other hand are happy to shun notes and coins, with half (49 per cent) of 18-24-year-olds saying their first choice for parking payments is contactless, followed by Chip & Pin and then apps.

Pay by phone was the last resort across all ages.

Many local authorities changed their policies to allow cashless payments only during the height of the pandemic.

Some councils said moving to cashless options reduced costs as it saved on repairs and meant thieves could not steal the cash sat in the machine.

According to the report, older drivers and low-income households prefer to manage their budgets with cash and want the flexibility to pay for parking with coins.

The AA is calling on councils to retain pay by cash parking machines to ensure drivers of all ages and backgrounds can access local shops and facilities.

Jack Cousens, head of roads policy for the AA, said; “For now, cash remains king when paying for parking, however, a speedy transition to an increasingly cashless society is paving a way that could threaten to lock older drivers and low income households out of their town centre.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Privacy Preference Center

Necessary

Advertising

Analytics

Other