Kevin Foster, Claire Greene, and Joanna Stavins
May 2021

In 2020, U.S. consumers made 68 payments per month on average, unchanged from 2019. Debit cards were used most often, for 23 payments, followed by credit cards (18 payments) and cash (14 payments).

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JEL classifications: D12, D14, E42

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