Less than one out of four Americans would likely use a CBDC if offered one, according to a survey held in early 2023. The source does add that men, younger people, and Black Americans were more likely than other surveyed group to use such a virtual currency. It should be noted that at the time of the survey, the concept of a CBDC was still relatively new in the United States. The U.S. Fed announced only in November 2022 it would actively research such a coin in a proof-of-concept pilot. This was much later than other countries researching CBDC. By the end of 2022, more than 100 countries across the world were involved in the creation of their own CBDC. According to the source, nearly half of all respondents to its survey had not yet formed an opinion on the matter - as the majority did not know yet was a CBDC was.
Share of respondents who said they were interested in using a central bank digital currency (CBDC) in the United States from 2023, by age, gender, income, and race
The results had amargin of error of +/-2.54 percentage points.
The respondents consisted of a representative sample.
This question was phrased by the source as follows: "From what you’ve read and heard, how likely would you be to use a government-issued central bank digital currency (CBDC)?"
Missing percentage points to 100 percent or percentage points exceeding 100 percent are probably due to rounding.
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Cato Institute. (April 27, 2023). Share of respondents who said they were interested in using a central bank digital currency (CBDC) in the United States from 2023, by age, gender, income, and race [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1398772/cbdc-demographics-usa/
Cato Institute. "Share of respondents who said they were interested in using a central bank digital currency (CBDC) in the United States from 2023, by age, gender, income, and race." Chart. April 27, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1398772/cbdc-demographics-usa/
Cato Institute. (2023). Share of respondents who said they were interested in using a central bank digital currency (CBDC) in the United States from 2023, by age, gender, income, and race. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1398772/cbdc-demographics-usa/
Cato Institute. "Share of Respondents Who Said They Were Interested in Using a Central Bank Digital Currency (Cbdc) in The United States from 2023, by Age, Gender, Income, and Race." Statista, Statista Inc., 27 Apr 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1398772/cbdc-demographics-usa/
Cato Institute, Share of respondents who said they were interested in using a central bank digital currency (CBDC) in the United States from 2023, by age, gender, income, and race Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1398772/cbdc-demographics-usa/ (last visited November 10, 2024)
Share of respondents who said they were interested in using a central bank digital currency (CBDC) in the United States from 2023, by age, gender, income, and race [Graph], Cato Institute, April 27, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1398772/cbdc-demographics-usa/