This publication offers key insights and observations into the Federal Reserve System's cash practices, policies, and strategic direction.
Understanding Consumer Cash Use: Preliminary Findings from the 2016 Diary of Consumer Payment Choice
Posted November 28, 2017
Data from the Federal Reserve’s Diary of Consumer Payment Choice shows that cash remains the most used payment instrument in 2016 accounting for 31 percent of all consumer transactions. This study provides a unique view into consumer shopping and payment decisions, including their use of cash.
Posted June 28, 2017
As new payments and technologies continue to emerge, cash retains a strong hold among consumers. This paper explores how often U.S. consumers held and spent cash during the 2015 Diary of Consumer Payment Choice survey, and it provides an analysis on consumers’ cash holding behavior.