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Wait, Do Young Americans Really Hate Cash?

Last week I wrote an article for this website titled Young Americans Hate Cash. It was based on a study by CreditCards.com. This week I got an e-mail from John Williams, president of the Federal Reserve Bank of San Francisco, with the subject line: Do “Young Americans Hate Cash”? His e-mail pointed me to a couple of articles by his bank that seem to point in the opposite direction.

I poked around hoping to explain the seeming disagreement between two reputable sources, and if possible figure out which one is right.

First, look at the two charts that appear to contradict each other.