News Columns & Blogs

Debit card use tops credit card use

Call it a sign of the financial times.

Use of debit cards has surpassed credit cards, accounting for slightly more than 50 percent of non-cash transactions.

That’s according to research from the TowerGroup.

But is this a trend or just a flash in the pan? Are people just temporarily suspending their debt-quenching tendencies, or have they learned their lessons from taking on too much debt?

Time will tell.

  Comments