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2018 US Survey of Consumer Payment Choice

Categories : Cash covers a broad range of transactions, Cash is a public good
October 30, 2019
Published in : Consumers, Payments, US
In 2018, consumers made most of their payments with debit cards, followed by cash and credit card. Cash was used by more consumers than any other payment instrument: 9 out of 10 consumers use cash at least once a year.
Communication Team

Cash is used for a Quarter of Transactions

The Federal Reserve Bank of Atlanta released in August 2019 its latest 2018 Survey of Consumer Payment Choice (SCPC), the 11th in a series of annual studies that aim to gain a comprehensive understanding of US consumers and their payment behaviour.

 

Here are some of the key findings.

 

Download the full pdf file here.

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