Why Trump was seen with a wad of cash
"I don’t carry a wallet," President Trump told reporters Wednesday after being caught with a wad of "Andrew Jacksons" peeking out of his back pocket while boarding Air Force One.
The $20 bills slipped into the view of eagle-eyed photographer, Tom Brenner, at Moffett Federal Airfield in Mountain View, California, on Tuesday, according to Yahoo. The snapshot went viral.
When the president returned to Washington, curious reporters asked if it was normal for him to carry cash.
“I don’t carry a wallet because I haven’t had to use a credit card in a long time," Trump told reporters while pulling a wad of cash from his pocket, according to Yahoo. "I like to carry a little something. I like to give tips to the hotel."
The move sparked questions about how widespread the practice is amongst some high-profile industry leaders and former presidents.
Back in 2013, former President Barack Obama made a pit stop at Magnolia’s – a deli and café in Rochester, New York. Obama’s bill added up to $89.64. Though the restaurant already added an automatic gratuity of 20 percent, Obama didn’t think that was enough, according to TMZ, who obtained a copy of his receipt. He tipped an extra $30 on top of the $16.64.
The notable move is not a common practice with all top CEOs.
Hilton’s president and CEO, Christopher Nassetta, told New York Times columnist and CNBC co-anchor Andrew Ross Sorkin that he does not tip housekeeping when he checks out of hotels.
"I typically do not leave a tip," Nassetta said at the 41st Annual NYU International Hospitality Industry Investment Conference, where he spoke to thousands of hospitality-industry professionals on how he had worked his way from "about as low as you can go."
Carrying cash is foreign to many consumers as mobile-payment services such as Venmo have gained in popularity. A 2017 survey from U.S. Bank , found 47% of respondents preferred digital apps when making payments. Forty-five percent of those surveyed preferred cash.
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The survey also found that fifty percent of respondents carry cash less than half of the time. If they do, according to the survey, they keep less than $20 on hand.
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