Cash lags credit, debit payments
Though most consumers prefer debit and credit card payments, 90% say they'll still use cash for the foreseeable future, a Fed survey finds.
Though most consumers prefer debit and credit card payments, 90% say they'll still use cash for the foreseeable future, a Fed survey finds.
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Why it matters
The finding that cash usage lags credit and debit payments but remains preferred by 90% of consumers is a routine consumer payment behavior insight without immediate impact on credit markets or lending conditions.