Diary of Consumer Payment Choice The Federal Reserve’s national Cash Product Office (CPO) uses data from the Diary of Consumer Payment Choice (Diary) to understand consumer cash use and anticipate its ongoing role in the payments landscape. Developed by the Federal Reserve Bank of Boston’s … See more Every October the Federal Reserve conducts an annual payment study, the Diary of Consumer Payment Choice (Diary), to better understand payment trends and habits of the U.S. population.1 This year’s Diary was … See more While the paper highlights changes in payment behavior that may be accelerated by the pandemic, it is still unknown whether these … See more Total number of transactions and share of cash usage declined during the pandemic The COVID-19 pandemic changed many aspects of life in 2024. How U.S. consumers made … See more This paper would not have been possible without the support and contributions of the following individuals. From the Atlanta Fed: Kevin Foster, Claire Greene, Marcin Hitczenko, Brian Prescott, and Oz Shy. From the Boston … See more WebJan 2, 2024 · The 2024 report on the Diary of Consumer Payment Choice (DCPC) was the fourth Diary study conducted by the Federal Reserve. A demographically-representative sample of approximately 2,800 individuals participated in the Diary in October 2024. Findings from the 2024 DCPC show:
Cash Continues to Play a Key Role in Consumer Spending
WebThis isn’t necessarily the case, and the Survey and Diary of Consumer Payment Choice (DCPC) might surprise some. Each October the DCPC asks consumers how much cash they carry on their person in a pocket, purse, or wallet, as well as how much they hold elsewhere, in their home, car, office or other places. In October 2024 the average person ... Web2024 DCPC Tables 2024 Diary of Consumer Payment Choice Tables Adoption of Accounts and Payment Instruments Table 1 Ownership of Accounts and Adoption of … eastech badger vantage 4400
Survey Director - Federal Reserve Bank of Atlanta
WebEvidence from the Diary of Consumer Payment Choice Cash is widely used, even where other payment options are typically available. As shown in Figure 4, cash is the leading … WebApr 1, 2024 · The data used throughout this article are taken from the 2015 to 2024 Survey of Consumer Payment Choice (SCPC) and Diary of Consumer Payment Choice (DCPC). The SCPC and DCPC are composed of a representative sample of U.S. consumers age 18 and older taken from the University of Southern California’s … WebFull Text Document (pdf) This paper describes the results, content, and methodology of the 2012 Diary of Consumer Payment Choice (DCPC), the first edition of a survey that … cubitt holdings