The study of 2,000 adults via OnePoll also found 47 per cent think the language of money is evolving, with 28 per cent agreeing that as new words for money are created, historical or traditional words fall by the wayside.Three in ten also believe the evolution of money and payments over the past 10 years has impacted the words they use every day, for example, when they speak about ‘tapping’ for payment or ‘pinging over’ money.
The changing of the linguistic guard also looks set to continue as 41 per cent believe we will have different words for money and payments in 20 years’ time as technology continues to evolve.
As technology brings new words in, older words are falling out of favour with younger age groups, with ‘tuppence’ used by 54 per cent of people aged over 55 compared to just 16 per cent of 18-24-year olds.