2021 Survey and Diary of Consumer Payment Choice

Kevin Foster, Claire Greene, and Joanna Stavins
September 2022

In October 2021, US consumers reported making 36 payments per month on average, up about one payment from 2020. As a share of all payments by number, most payments were by debit card (29 percent) or credit card (28 percent).

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JEL Classifications: D12, D14, E42

Keywords: cash, checks, checking accounts, debit cards, credit cards, prepaid cards, electronic payments, payment preferences, unbanked, Survey of Consumer Payment Choice, Diary of Consumer Payment Choice

https://doi.org/10.29338/rdr2022-02Off-site link