WebUsing data from the 2024 Diary of Consumer Payment Choice (DCPC), a representative survey of US adults conducted by the Federal Reserve Banks, the authors examine the factors affecting consumers’ choices of payment instruments for bill payments. WebMay 5, 2024 · 1. The first Diary study took place in 2012 using RAND’s American Life Panel. The second Diary study took place in 2015... 2. See Consumer Payments and the COVID-19 Pandemic: A Supplement to …
2024 findings from the Diary of Consumer Payment Choice - FRBservices.org
WebThis paper describes key results from the 2016 Diary of Consumer Payment Choice (DCPC), the third in a series of diary surveys that measure payment behavior through the daily recording of U.S. consumers' spending. In October 2016, consumers paid mostly with cash (31 percent of payments), debit cards (27 percent), and credit cards (18 percent). WebDiary of Consumer Payment Choice A nationally representative panel of nearly 3,000 adult U.S. consumers was asked to record spending in a diary over several days in October 2024. For the first time, the most-used consumer payment method was debit cards (28 percent of payments) rather than cash (26 percent of payments). chipper bucket truck
2024 findings from the Diary of Consumer Payment Choice - FRBservices.org
WebSep 3, 2024 · The 2024 Diary represents the first year cash was not used for the majority of transactions under $10. In 2024, 56 percent of payments under $10 were conducted using cash while data from the 2024 Diary show that share declined to 49 percent, though cash was used more than twice as often as debit cards, at 23 percent. WebOct 1, 2024 · Developed by the Federal Reserve Bank of Boston’s Consumer Payment Research Center (CPRC) and currently managed by the Research Department at the Federal Reserve Bank of Atlanta, the Diary collects data about shopping and payments behavior from a unique, nationally representative survey of consumers administered by … WebThis report contains initial results for the 2016 Diary of Consumer Payment Choice (DCPC), the third in a series of diary surveys. It includes estimates of the number, value, and average value of payments that all U.S. adult consumers made using the various U.S. payment instruments. granvia gold strawflower