Statistical Profile: Consumers & Merchants

 

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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