Consumers Are Spending Less on Credit This Year

Pin ItIt looking like the consumer is not in love with his credit cards anymore. What’s in your wallet? CASH! In these times of job loss, insecurity, rising interest rates and big balances, the urge to buy now pay later is declining. Buyer are beginning to favor cash and debit cards more and more. The findings, based on the Consumer Intentions and Actions survey, suggest that consumers are making strides in the quest to reset the spend button and relearn the concept of living within their means. According the September 2009 consumer survey by BIGresearch, 17 percent of consumers report...