{"id":42250,"date":"2007-02-07T00:00:00","date_gmt":"2007-02-07T05:00:00","guid":{"rendered":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/2007\/02\/07\/vi-cash-check-debit-or-credit\/"},"modified":"2024-04-14T03:31:18","modified_gmt":"2024-04-14T08:31:18","slug":"vi-cash-check-debit-or-credit","status":"publish","type":"post","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/vi-cash-check-debit-or-credit\/","title":{"rendered":"VI. Cash, Check, Debit or Credit?"},"content":{"rendered":"<h2 id=\"vi-cash-check-debit-or-credit\" class=\"wp-block-heading\">VI. Cash, Check, Debit or Credit?<\/h2>\n\n<figure><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" style=\"margin: 10px;border: 1px solid #666666\" src=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/3\/legacy\/318-interior.gif\" alt=\"Figure\" width=\"445\" height=\"588\"><\/figure>\n\n<p class=\"wp-block-paragraph\">Consumers have more choice than ever before when it comes to how to make a transaction for goods and services &#8211; the old standbys of cash and checks are now side-by-side with debit and credit card options for many goods and services. While some have speculated that we are moving towards a cashless &#8211; or at least a checkless &#8211; society, that verdict seems premature. When it comes to both everyday living purchases and monthly bill-paying, the Pew survey finds that both the old and new payment modes have their following.<\/p>\n\n<p class=\"wp-block-paragraph\">For everyday purchases, about four-in-ten (37%) report they rely on cash, while 31% rely on debit cards and about half as many use either checks (15%) or credit cards (16%).<\/p>\n\n<p class=\"wp-block-paragraph\">Those with lower incomes rely mostly on cash for everyday living expenses; 54% of those with incomes under $30,000 do so compared with 24% among those with incomes of at least $100,000 annually.<\/p>\n\n<figure><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" style=\"margin: 10px;border: 1px solid #666666\" src=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/3\/legacy\/320-interior.gif\" alt=\"Figure\" width=\"401\" height=\"477\"><\/figure>\n\n<p class=\"wp-block-paragraph\">For monthly bill-paying, more than half (54%) of adults say that they mostly use checks, while 28% say they mostly make electronic or online payments and 15% say they mostly use cash.<\/p>\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/what-americans-pay-for-and-how\/321-3\/\">A majority of every age group save one &#8211; adults under age 30 &#8211; relies on checks for most of their bill-paying<\/a>. Among adults ages 65 and older 71% mostly use checks to pay their bills; this figure drops to 63% among those ages 50 to 64 and 51% among those ages 30 to 49. Among adults under age 30 about a third (35%) use checks for most of their bill-paying while three-in-ten use cash and 32% pay bills electronically.<\/p>\n\n<p class=\"wp-block-paragraph\">Among Internet users, a 53% majority reports paying most bills by check while 35% pay electronically and 10% pay in cash.<\/p>","protected":false},"excerpt":{"rendered":"<p>VI. Cash, Check, Debit or Credit? Consumers have more choice than ever before when it comes to how to make a transaction for goods and services &#8211; the old standbys of cash and checks are now side-by-side with debit and credit card options for many goods and services. While some have speculated that we are [&hellip;]<\/p>\n","protected":false},"author":131,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sub_headline":"","sub_title":"","_crdt_document":"","_prc_public_revisions":[],"_ppp_expiration_hours":0,"_ppp_enabled":false,"ai_generated_summary":"","relatedPosts":[],"reportMaterials":[],"multiSectionReport":[],"package_parts__enabled":false,"package_parts":[],"_prc_fork_parent":0,"_prc_fork_status":"","_prc_active_fork":0,"datacite_doi":"","datacite_doi_citation":"","_prc_seo_qr_attachment_id":0,"spoken_article_player_enabled":true,"bylines":[],"acknowledgements":[],"displayBylines":true,"footnotes":"","prc_watchers":[]},"categories":[],"tags":[],"bylines":[],"collection":[],"datasets":[],"level_of_effort":[],"primary_audience":[],"information_type":[],"_post_visibility":[],"formats":[458],"_fund_pool":[],"languages":[],"regions-countries":[],"research-teams":[519],"workflow-status":[],"class_list":["post-42250","post","type-post","status-publish","format-standard","hentry","formats-report","research-teams-social-trends"],"label":false,"post_parent":42199,"word_count":262,"canonical_url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/vi-cash-check-debit-or-credit\/","art_direction":false,"_embeds":[],"watchers":[],"table_of_contents":[{"id":42199,"title":"What Americans Pay For \u2013 and How","slug":"what-americans-pay-for-and-how","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/what-americans-pay-for-and-how\/","is_active":false},{"id":42210,"title":"II. Monthly Expenses","slug":"ii-monthly-expenses","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/ii-monthly-expenses\/","is_active":false},{"id":42221,"title":"III. Consumer Credit","slug":"iii-consumer-credit","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/iii-consumer-credit\/","is_active":false},{"id":42232,"title":"IV. Debt Problems","slug":"iv-debt-problems","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/iv-debt-problems\/","is_active":false},{"id":42239,"title":"V. Bill-Paying Practices","slug":"v-bill-paying-practices","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/v-bill-paying-practices\/","is_active":false},{"id":42250,"title":"VI. 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