2022 Survey and Diary of Consumer Payment Choice

Kevin Foster (), Claire Greene and Joanna Stavins

No 2023-03, Consumer Payments Research Data Reports from Federal Reserve Bank of Atlanta

Abstract: In October 2022, US consumers reported making 39 payments per month on average, unchanged from 2021 when adjusted for questionnaire changes. As a share of all payments by number, most payments were by credit card (31 percent) or debit card (29 percent). By value, 43 percent of payments value was made electronically from a bank account using one of two ACH methods and 35 percent were made using a card (debit, credit, or prepaid).

Keywords: cash; checks; checking accounts; debit cards; credit cards; prepaid cards; electronic payments; payment preferences; unbanked (search for similar items in EconPapers)
JEL-codes: D12 D14 E42 (search for similar items in EconPapers)
Pages: 26
Date: 2023-06-13
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DOI: 10.29338/rdr2023-03

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