Statistical Profile: Consumers & Merchants

By  |  October 18, 2009
 | 
 

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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