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.
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Martin Makaryan
Martin Makaryan is a research assistant specializing in digital policy. Makaryan is a current master's student at the School of Advanced International Studies (SAIS) at Johns Hopkins University where he specializes in security and strategy, with a focus on the intersection of security, policy, and emerging technologies. He holds a B.A. in Political Science and Global Studies from UCLA and previously worked in government affairs and policy research in California both in the non-profit and government sectors. His academic and professional interests include the impact of innovation and technology on foreign policy and national security policy, as well as automation and AI, cybersecurity, and digital policy.
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Policy Highlights, Week of June 10, 2024
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