Thread by @sffed

As new #payment methods continue to emerge, our “2019 Diary of Consumer Payment Choice” highlights both the important role #cash plays in our economy while also illustrating the significant role of competing payment methods and #technologies: sffed.us/cashdiary

#Debit cards were used the most, accounting for 28% of payments. #Credit cards accounted for 23% (up 2% from 2017).

Consumers used cash in 26% of transactions (down 4% from 2017). However, #cash was used heavily for small-value payments, representing close to half of payments under $10.

#Cash use among individuals under 25 years old is the highest of any age group.

The rise of online shopping & e-commerce has increased the share of transactions that are “not-in-person.” However, 73% of all payments continue to be made physically.

Although consumers are paying with #cash less often, the amount of cash they hold on a regular basis has remained consistent, ranging from $57 to $59.