Cash may still be king when it comes to small purchases, but debit cards are threatening to end its reign, according to survey results announced Wednesday by

Roughly 60% of respondents still pay in cash for purchases below $5, while 27% use debit cards and 11% prefer credit cards. But cash use has declined by 7 percentage points from 2014. During that same time, debit card use rose 5 percentage points and credit card use remained the same.

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