Question of the Day: Where do consumers use their debit cards most? a) Fast-food dining b) Gas station c) Supermarket
Answer: Supermarket, with almost 50% of consumers choosing to use their debit card.
Questions:
- Why do you think people choose debit over credit when it comes to shopping at supermarkets?
- How do you decide whether to use cash or your debit card when buying something?
- Why do you think credit cards are most popular at department stores?
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Want to keep the conversation going about payment types? Check out this NGPF Project: Payment Decisions
About the Author
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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