Americans switch purchasing options
Americans are turning away from credit cards and "shifting" to debit card usage.
Debit card purchases...at the end of 2008...are forecast to climb by 13% for the year, according to an industry newsletter by The Nilson Report.
Credit card purchases are predicted to be up a mere 3%.
The numbers seem to indicate a strong "shift" away from credit as the economy tries to find its way out of recession. Look for more disparity in 2009...
Debit card purchases...at the end of 2008...are forecast to climb by 13% for the year, according to an industry newsletter by The Nilson Report.
Credit card purchases are predicted to be up a mere 3%.
The numbers seem to indicate a strong "shift" away from credit as the economy tries to find its way out of recession. Look for more disparity in 2009...
