U.S. Prints $38 Billion in New $50 Bills as Demand for Cash Persists
- The US printed over 756 million new $50 bills in 2022 worth nearly $38 billion
- Demand for physical cash is increasing despite less use of cash for payments
- Cash holdings remain high due to economic uncertainty after the pandemic
- 93% of survey respondents said they won't stop using cash anytime soon
- Demand for cash persists though electronic payments are more common