Kevin Foster, Claire Greene, and Joanna Stavins
September 2022

In October 2021, US consumers reported making 36 payments per month on average, up about one payment from 2020. As a share of all payments by number, most payments were by debit card (29 percent) or credit card (28 percent).

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JEL Classifications: D12, D14, E42

Keywords: cash, checks, checking accounts, debit cards, credit cards, prepaid cards, electronic payments, payment preferences, unbanked, Survey of Consumer Payment Choice, Diary of Consumer Payment Choice link