Showing 271 - 280 of 124,854
instruments, including cash. The average consumer has 5.1 of the nine instruments, and uses 4.2 in a typical month. Consumers make … cards than credit cards, and consumers use debit cards more often than cash, credit cards, or checks individually. Cash …
Persistent link: https://www.econbiz.de/10013147406
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/10013067888
, cash, and credit cards consistently have been the most popular payment instruments. In 2017, U.S. consumers ages 18 and … older made 70 payments per month on average. Debit cards accounted for 31.8 percent of those monthly payments, cash for 27 …
Persistent link: https://www.econbiz.de/10012898943
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/10009125171
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/10008935742
Since the mid-1990s, the U.S. payment system has been undergoing a transformation featuring a significant decline in the use of paper checks that has been quite uneven across consumers and not well understood. This paper estimates econometric models of consumers’ adoption (extensive margin)...
Persistent link: https://www.econbiz.de/10003808795
instruments, including cash. The average consumer has 5.1 of the nine instruments, and uses 4.2 in a typical month. Consumers make … cards than credit cards, and consumers use debit cards more often than cash, credit cards, or checks individually. Cash …
Persistent link: https://www.econbiz.de/10003941960
daily authorizations by the type of payment instrument (cash, check, money order, debit or credit card, online banking, etc …
Persistent link: https://www.econbiz.de/10011662584
The Consumer Finance Institute hosted a workshop in August 2018 featuring Michael Marx, senior director at Visa, Inc., to discuss recent data from the Visa Payment Panel, highlighting the evolution of consumer payment preferences since the Great Recession and the passage of the Credit Card...
Persistent link: https://www.econbiz.de/10012848716
We measure consumers' readiness to face emergency expenses. Based on data from a representative survey of US consumers, we find that financial readiness varies widely across consumers, with lowest-income, least-educated, unemployed, and black consumers most likely to have $0 saved for emergency...
Persistent link: https://www.econbiz.de/10012860810