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Consumers used debit cards 13.2bn times in 2017, while the number of cash payments fell 15%
Via Graham Watson
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Rescooped by Bruce Fellowes from The Economic Method |
Scoop.it!
Via Graham Watson
This story in the Guardian caught my eye - it's about the fact that cash is no longer king: in 2017, we spent more via debit cards than in cash.
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This has all sorts of implications, not least the fact that card payments have a lower opportunity cost, and this might encourage people to spend more than they can afford.