[Money Mondays]: How do people pay for things (by age)?


moneymondays.jpg


How do people pay for things (by age)?



2015 Diary of Consumer Payment Choice *figure-15-2015dcpc-payment-instrument-use-by-age-102716.png
* Federal Reserve Bank of San Francisco

Consumers 65 and older made the most cash transactions, averaging 36 percent of their total monthly transactions. Every age group made more cash transactions than credit card transactions, and cash transactions continued to comprise at least 24 percent of each age group’s total reported transactions.

Are you surprised?

  • Looking at these six payment types, what do you think your individual
bar chart would look like?
  • What payment type do you use the most?  How about the least?
  • What are some of the factors you personally think about before deciding
how to pay for something?

Resources:

Federal Reserve Bank of San Francisco

Frekonomics

Minnesota Public Radio





Anonymous

0 comments:

Subscribe to: Post Comments (Atom)