Statistical Profile: Consumers & Merchants

By  |  October 18, 2009
 | 
 

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    Personal consumption expenditures profile

     

    Purchase consumption expenditures by payment type:[1]

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

       

    Dollar Volume (bil.)

    		  

    Share
     

    Paper

    		  

     $3,361.15

    		 

    44.4%
     

    Checks

    		  

     $1,699.37

    		 

    22.4%
     

    Cash

    		  

     $1,545.12

    		 

    20.4%
     

    Other (money orders, official checks, travelers cheques, food stamps)

    		  

     $116.66

    		 

    1.5%
     

    Cards

    		  

     $3,368.35

    		 

    44.5%
     

    Credit

    		  

     $2,026.48

    		 

    26.7%
     

    Debit

    		  

     $1,168.84

    		 

    15.4%
     

    Prepaid

    		  

     $142.04

    		 

    1.9%
     

    EBT

    		  

     $30.99

    		 

    0.4%
     

    Other Electronic (preauthorized payments, remote payments)

    		  

     $847.51

    		 

    11.2%
     

    TOTAL

    		  

     $7,577.01

    		 

    100.0%
     

     

    Consumer profile:

     

    Household card penetration:

     

     

     

     

     

     

     

     

     

     

     

     

     

       

    Number of HH

    		  

    Penetration
     

    Credit card [2]

    		  

    173 million

    		  

    75%
     

    Debit card [3] 

    		  

    164 million

    		  

    71%
     

    Prepaid card [4]

    		  

    168 million

    		  

    73%
     

    Merchant profile

     

    Merchant penetration:

    8 million merchant locations accept cards[5]

     

    [1] The Nilson Report, Issue 915 (November 2008).

     

     

    [2]Federal Reserve Board, “2004 Survey of Consumer Finances” (2004).

     

     

    [3] Federal Reserve Board, “2007 Survey of Consumer Finances” (2007).

     

     

    [4]Federal Reserve Board, “2007 Survey of Consumer Finances” (2007).

     

     

    [5] The Nilson Report, Issue 924 (April 2009).

     

     


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