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accounts or pay late fees or cash-advance fees on their credit cards is higher than the percentage of White consumers who pay …
Persistent link: https://www.econbiz.de/10014255358
This paper studies the characteristics of credit card holders in Malaysia and distinguishes between convenience users and revolvers. A Tobit model with binary selection and ordinal treatment is developed to accommodate the data feature that debts are incurred only among card holders and the...
Persistent link: https://www.econbiz.de/10013106211
This document serves as the technical appendix to the 2014 Survey of Consumer Payment Choice administered by the RAND Corporation. The Survey of Consumer Payment Choice (SCPC) is an annual study designed primarily to collect data on attitudes to and use of various payment instruments by...
Persistent link: https://www.econbiz.de/10012967297
This document serves as the technical appendix to the 2015 Survey of Consumer Payment Choice administered by the Dornsife Center for Economic and Social Research (CESR). The Survey of Consumer Payment Choice (SCPC) is an annual study designed primarily to collect data on attitudes to and use of...
Persistent link: https://www.econbiz.de/10012946605
their monthly payments, followed by cash (27.1 percent) and credit or charge cards (21.3 percent). For nonbills, consumers … used cash and debit equally—about one-third of the time for each. For bills, consumers used payment cards for half of bill … $202 in cash (on person and stored on property, large values excluded). Use of new payment technologies was still …
Persistent link: https://www.econbiz.de/10012946606
from the financial crisis and recession. Cash payments by consumers, which had increased sharply in 2009, did not fall back … but rather grew another 3 percent in 2010. However, the share of cash payments, the dollar amount of cash withdrawals, and … cash holdings by consumers decreased moderately in 2010. Credit card payments by consumers increased 15 percent, reversing …
Persistent link: https://www.econbiz.de/10013028287
expansion following the financial crisis and recession. After increasing by 28 percent from 2008 to 2010, cash payments by … consumers fell back by 10 percent from 2010 to 2012, while the share of cash payments dropped for a third straight year to 26 ….8 percent. However, the number and dollar value of cash withdrawals and the dollar value of cash holdings by consumers increased …
Persistent link: https://www.econbiz.de/10013028289
), cash (25.6 percent), and credit cards (23.3 percent) continued to be largest; while the share of electronic payments rose a … significant 1.2 percentage points to 10.5 percent. Consumers' average cash holdings dropped by about 10 percent to $207 in 2014 …. The number of cash withdrawals made by consumers per month also declined by about one withdrawal per month to 5.6. There …
Persistent link: https://www.econbiz.de/10012981763
2009, the average U.S. consumer held 5.0 of the nine payment instruments available, including cash, and used 3.8 of them …, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At … services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these …
Persistent link: https://www.econbiz.de/10013114605
This paper uses data from the 2008 Survey of Consumer Payment Choice to discuss the adoption, use, and discarding of various common payment instruments. Using a nationally representative sample of individual-level data, it presents evidence in unparalleled detail about how consumers use...
Persistent link: https://www.econbiz.de/10013124674