A new survey finds most of us are going through our daily routines with less cash in our pockets.

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The Bankrate.com poll reveals that 8 in 10 Americans carry less than $50 around every day, while 49 percent of respondents in the survey carry as little as $20, or even less.

Greg McBride, senior financial analyst for Bankrate.com, doesn't believe we are ultimately moving toward a cashless society but said we may be getting closer to it.

"Stagnant incomes have taken a toll on a lot of household budgets," he said.

Only 7 percent of Americans are packing $100 or more on a daily basis, according to the survey.

"We did find, not surprisingly, that women are more likely to carry less cash than men," McBride said.

The poll said 86 percent of women carry less than $50 with them every day. That's compared to 70 percent of men.

McBride believes we will still need cash for certain daily transactions. He said there may be those odd encounters with a bellhop or some other sort of service personnel where plastic does not cut it.

For more highlights of Bankrate.com's May 2014 Financial Security Index, click here.

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