Visual Capitalist has used data from the Federal Reserve of San Francisco, which conducted studies on consumer behavior from 2016 to 2022, to create a visualization that breaks down how often consumers used each payment method for purchases in the United States over that six-year period. According to the visualization, the share of purchases paid using cash has fallen by 13 percent while those paid using credit cards have risen by the same percentage.
Visualizing Americans’ Preferred Payment Methods
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