The Homa Files

A couple of interesting charts from the Fed’s Triennial Payments Study…

If you’re like most Americans, there both debit and credit cards in your wallet …. both debit and credit card usage is increasing … with debit card usage increasing by leaps and bounds..

That said, cash is still king …

You pay cash most often – 40% of the time – and pull out a debit card 66% more often then you slap down a credit card.

The trend toward debit cards and cash is reflected in the decreasing amount of credit card debt outstanding … down about 25% from the pre-financial crisis high water mark.

#HomaFiles

Follow on Twitter @KenHoma            >> Latest Posts

This entry was posted on June 6, 2014 at 6:59 am and is filed under Cash, Credit Cards, Debit cards, Federal Reserve. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.