Consumers move back to cash payments: Boston Fed paper
A Boston Federal Reserve paper, published in April, shows that during and following the recent financial crisis, consumers shifted back towards using cash for more of their monthly payments.
Kevin Foster, Erik Meijer, Scott Schuh and Michael Zabek, the paper's authors, examine results from the 2009 Survey of Consumer Payment Choice along with revised data from 2008 in the same survey.
Foster, Meijer, Schuh and Zabek show that between 2008 and 2009, at the height of the recession, consumers
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