![]() The 4 percentage point decline in cash’s share of payments is largely due to two factors: 1) cash use declined to 11 payments per month, down from 12 in 2017, and 2) total payments increased from 41 to 43 transactions per month. Participants used cash for 35 percent of in-person payments In-person 2 payments accounted for 73 percent of all transactions.The share of cash use among individuals under 25 years old is the highest of any age group.Cash was used heavily for small-value payments, representing 49 percent of payments under $10.Credit cards accounted for 23 percent of payments, a 2 percentage point increase from 2017.Debit cards were the most used instrument, accounting for 28 percent of payments.Consumers used cash in 26 percent of transactions, down from 30 percent in 2017.A demographically-representative sample of 2,873 individuals participated in the study and reported all of their payments and transactions over three consecutive days, staggered throughout October 2018. The 2019 Diary of Consumer Payment Choice (Diary) highlights findings from the fifth Diary study conducted by the Federal Reserve. Download Chart Data (Excel document, 130 kb)
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