Monday, January 16, 2006

Generation Plastic

From Feedblitz:

Michael Leidtke
reports for the AP on "Generation Plastic", the group of young consumers who consistently prefer debit and credit cards over cash.

Plastic payments -- including online commerce -- now account for 50.4 percent of the spending among consumers ranging from 18- to 24-years-old, with cash and checks making up 41.1 percent of their spending. Consumers 25 to 34 years old spend about 45 percent either way, while everyone older still uses cash and checks at least half the time, according to Visa, the nation's largest payment network.

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