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.
Sources
Payments Dive
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.