The psychological ownership of cash

Their research highlights that physical cash not only influences how much we spend but also fosters a profound sense of psychological ownership that digital payments cannot replicate. The study suggests, "when we handle cash, we are not just spending money; we are parting with a piece of ourselves." 

For more information

Khan, J and Belk, R (2024), "Money you could touch: cash and psychological ownership", Qualitative Market Research, Vol. 27 No. 5, pp. 820-840.