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2017 Diary of Consumer Payment Choice Table 1 Number and Dollar Value of Payments by Type of Payment Instrument Average number and value per consumer, October Number per consumer All payments Paper instruments Cash.......................................... Check....................................... Money order............................. Payment cards Debit......................................... Credit or charge........................ Prepaid/Gift/EBT..................... Electronic payments Bank account number payment Online banking bill payment.... Other PayPal...................................... Account to accnt transfer.......... Mobile payment....................... Income deduction..................... Other*....................................... Dollar value per consumer 2015 2016 2017 2015 2016 2017 51.4 20.4 45.9 17.6 41.0 15.1 3600 1108 3916 1168 3418 928 17.1 3.1 0.2 25.7 15.2 9.4 1.2 4.2 1.8 2.4 1.1 0.2 0.2 0.2 0.1 0.5 14.1 3.3 0.1 22.0 12.4 8.3 1.2 4.4 2.1 2.3 2.0 0.3 0.4 0.2 0.3 0.8 12.4 2.5 0.1 20.1 10.7 8.6 0.7 3.6 2.0 1.7 2.2 0.3 0.3 0.3 0.2 1.0 381 685 41 1308 686 583 40 1085 406 679 99 21 42 11 13 11 304 832 32 1058 549 473 35 1303 633 671 386 17 167 27 38 137 290 606 32 1055 507 529 19 1036 611 424 399 11 231 24 44 90 — 39.7 — 38.3 — 36.7 — 30.8 — 29.8 — 27.2 33.3 6.0 0.4 50.0 29.5 18.3 2.3 8.2 3.5 4.7 2.1 0.3 0.4 0.3 0.2 0.9 30.8 7.3 0.2 47.9 27.1 18.2 2.6 9.5 4.6 5.0 4.3 0.7 0.8 0.5 0.6 1.8 30.3 6.2 0.3 49.0 26.2 21.0 1.8 8.9 4.8 4.0 5.4 0.8 0.8 0.7 0.6 2.4 10.6 19.0 1.2 36.3 19.0 16.2 1.1 30.1 11.3 18.9 2.7 0.6 1.2 0.3 0.4 0.3 7.8 21.3 0.8 27.0 14.0 12.1 0.9 33.3 16.2 17.1 9.9 0.4 4.3 0.7 1.0 3.5 8.5 17.7 0.9 30.9 14.8 15.5 0.5 30.3 17.9 12.4 11.7 0.3 6.8 0.7 1.3 2.6 Percentage share All payments Paper instruments Cash.......................................... Check....................................... Money order............................. Payment cards Debit......................................... Credit or charge........................ Prepaid/Gift/EBT..................... Electronic payments Bank account number payment Online banking bill payment.... Other PayPal...................................... Account to accnt transfer.......... Mobile payment....................... Income deduction..................... Other*....................................... * The term "Other" includes the following payment methods: multiple payment methods for one payment, unreported payment methods, and other responses that could not be recategorized into one of the existing payment instrument categories. © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 2 Average Transaction Value of Payments by Type of Payment Instrument Average dollar value per transaction, October All payments Paper instruments Cash........................................................ Check...................................................... Money order........................................... Payment cards Debit....................................................... Credit or charge...................................... Prepaid/Gift/EBT................................... Electronic payments Bank account number payment............... Online banking bill payment.................. Other PayPal..................................................... Account to accnt transfer........................ Mobile payment...................................... Income deduction................................... Other*..................................................... 2015 2016 2017 70.0 54.3 85.3 66.5 83.3 61.6 22.3 223.3 193.9 50.9 45.2 62.1 34.0 258.7 228.5 280.9 90.1 134.7 196.7 72.3 124.9 24.4 21.5 248.8 370.9 48.1 44.2 56.7 29.3 297.9 302.8 293.4 195.4 54.5 457.5 128.1 135.3 170.2 23.4 238.1 275.1 52.5 47.2 61.3 25.5 285.2 310.0 255.7 179.6 32.6 678.8 77.2 182.5 89.4 * The term "Other" includes the following payment methods: multiple payment methods for one payment, unreported payment methods, and other responses that could not be recategorized into one of the existing payment instrument categories. © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 3 Purchases by Type of Payment Instrument Average number and value per consumer; average value per transaction, October 2017 *, † Value ($) Number (#) per consumer All purchases Paper instruments Cash........................................................ Check...................................................... Money order........................................... Payment cards Debit....................................................... Credit or charge...................................... Prepaid/Gift/EBT................................... Electronic payments Bank account number payment............... Online banking bill payment.................. Other PayPal..................................................... Account to accnt transfer........................ Mobile payment...................................... Income deduction................................... Other‡..................................................... per transaction 32.2 12.4 1413.1 382.2 43.8 30.8 11.5 0.9 0.0 18.1 9.4 8.0 0.7 0.3 0.2 0.1 1.4 0.3 0.2 0.2 0.0 0.7 213.5 168.7 0.0 790.9 334.6 439.2 17.1 73.3 61.9 11.4 166.7 9.7 138.2 2.4 0.4 16.1 18.6 180.7 — 43.7 35.5 55.1 24.6 219.7 259.8 119.3 120.6 32.6 835.0 12.2 13.4 23.2 * The term "purchases" includes person-to-person transactions and asset transfers. † The numbers in Tables 3 and 4 do not add up exactly to the numbers in Table 1 due to a small number of missing values of the variable that classifies purchases and bills. ‡ The term "Other" includes the following payment methods: multiple payment methods for one payment, unreported payment methods, and other responses that could not be recategorized into one of the existing payment instrument categories. © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 3a Purchases by Type of Payment Instrument Percentage share of number and value per consumer, October 2017 *, † Value ($) Number (#) per consumer All purchases Paper instruments Cash........................................................ Check...................................................... Money order........................................... Payment cards Debit....................................................... Credit or charge...................................... Prepaid/Gift/EBT................................... Electronic payments Bank account number payment............... Online banking bill payment.................. Other PayPal..................................................... Account to accnt transfer........................ Mobile payment...................................... Income deduction................................... Other‡..................................................... per transaction — 38.5 — 27.0 — — 35.6 2.9 0.0 56.1 29.3 24.7 2.2 1.0 0.7 0.3 4.3 0.9 0.5 0.6 0.1 2.2 15.1 11.9 0.0 56.0 23.7 31.1 1.2 5.2 4.4 0.8 11.8 0.7 9.8 0.2 0.0 1.1 — — — — — — — — — — — — — — — — * The term "purchases" includes person-to-person transactions and asset transfers. † The numbers in Tables 3 and 4 do not add up exactly to the numbers in Table 1 due to a small number of missing values of the variable that classifies purchases and bills. ‡ The term "Other" includes the following payment methods: multiple payment methods for one payment, unreported payment methods, and other responses that could not be recategorized into one of the existing payment instrument categories. © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 4 Bill Payments by Type of Payment Instrument Average number and value per consumer; average value per transaction, October 2017 Value ($) Number (#) per consumer All bill payments Paper instruments Cash........................................................ Check...................................................... Money order........................................... Payment cards Debit....................................................... Credit or charge...................................... Prepaid/Gift/EBT................................... Electronic payments Bank account number payment............... Online banking bill payment.................. Other PayPal..................................................... Account to accnt transfer........................ Mobile payment...................................... Income deduction................................... Other*..................................................... per transaction 8.6 2.6 1983.5 544.2 230.5 208.0 0.9 1.6 0.1 1.9 1.3 0.6 0.0 3.3 1.7 1.6 0.8 0.0 0.2 0.1 0.2 0.3 75.8 436.2 32.2 259.8 171.0 88.3 0.5 962.6 549.5 413.1 216.9 1.0 92.7 21.2 29.5 72.5 84.8 271.7 275.1 136.2 132.1 146.5 50.4 291.8 316.9 264.0 277.8 46.5 537.3 191.9 159.1 249.8 — 30.4 — 27.4 — — 10.4 18.7 1.4 22.2 15.0 7.0 0.1 38.3 20.2 18.2 9.1 0.3 2.0 1.3 2.2 3.4 3.8 22.0 1.6 13.1 8.6 4.5 0.0 48.5 27.7 20.8 10.9 0.1 4.7 1.1 1.5 3.7 — — — — — — — — — — — — — — — — Percentage share All bill payments Paper instruments Cash........................................................ Check...................................................... Money order........................................... Payment cards Debit....................................................... Credit or charge...................................... Prepaid/Gift/EBT................................... Electronic payments Bank account number payment............... Online banking bill payment.................. Other PayPal..................................................... Account to accnt transfer........................ Mobile payment...................................... Income deduction................................... Other*..................................................... * The term "Other" includes the following payment methods: multiple payment methods for one payment, unreported payment methods, and other responses that could not be recategorized into one of the existing payment instrument categories. © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 5 Cash Holdings—On Person Average number of bills and dollar value per consumer, October 2017 Number of bills All bills $1......................................................................................................... $2......................................................................................................... $5......................................................................................................... $10....................................................................................................... $20....................................................................................................... $50....................................................................................................... $100..................................................................................................... Dollar value 5.6 2.6 0.0 0.8 0.5 1.5 0.1 0.1 58.9 2.6 0.0 4.0 5.5 29.2 4.6 13.0 — 46.0 0.4 14.1 9.7 25.9 1.6 2.3 — 4.4 0.1 6.7 9.3 49.6 7.8 22.1 Percentage shares by denomination All bills $1......................................................................................................... $2......................................................................................................... $5......................................................................................................... $10....................................................................................................... $20....................................................................................................... $50....................................................................................................... $100..................................................................................................... © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 6 Cash Holdings—Cash Stored Elsewhere Average number of bills and dollar value per consumer, October 2017 Number of bills All bills $1......................................................................................................... $2......................................................................................................... $5......................................................................................................... $10....................................................................................................... $20....................................................................................................... $50....................................................................................................... $100..................................................................................................... Dollar value 8.0 3.3 0.3 0.5 0.6 1.6 0.2 1.4 198.7 3.3 0.6 2.7 5.6 32.7 12.5 141.2 — 41.3 4.0 6.8 6.9 20.3 3.1 17.5 — 1.7 0.3 1.4 2.8 16.5 6.3 71.1 Percentage shares by denomination All bills $1......................................................................................................... $2......................................................................................................... $5......................................................................................................... $10....................................................................................................... $20....................................................................................................... $50....................................................................................................... $100..................................................................................................... © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 7 Income and Labor Force Status Percentage of consumers* 2015 2016 2017 Household income Less than $25,000................................................................................. $25,000–$49,999.................................................................................. $50,000–$74,999.................................................................................. $75,000–$99,999.................................................................................. $100,000–$124,999.............................................................................. $125,000–$199,999.............................................................................. $200,000–$499,999.............................................................................. $500,000 or more................................................................................. 22.7 23.2 19.6 12.2 9.0 9.9 2.8 0.6 21.2 23.7 17.6 11.8 10.9 11.1 3.5 0.2 19.6 22.7 19.1 12.5 10.4 12.0 3.6 0.1 Respondent income Highest in household............................................................................ About equal with highest...................................................................... 2nd highest........................................................................................... 3rd highest or lower.............................................................................. 52.0 12.7 24.1 11.1 50.7 14.7 23.5 11.1 49.8 14.2 25.4 10.6 Labor force status Currently working................................................................................. On sick or other leave........................................................................... Unemployed—on layoff†..................................................................... Unemployed—looking......................................................................... Retired.................................................................................................. Disabled................................................................................................ Other..................................................................................................... Selected multiple options..................................................................... 59.7 0.6 0.8 5.8 14.6 6.7 4.8 7.0 59.7 0.5 0.8 5.7 15.8 6.6 5.8 5.2 61.6 0.1 0.5 4.6 15.2 6.2 6.1 5.7 * Estimates are weighted. The table of unweighted sample demographics is available upon request. † The numbers for unemployment differ from the official BLS numbers due to differences between the UAS panel and the BLS in the methodologies for collecting the data and computing the unemployment rate. © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 8 Demographics and Homeownership Percentage of consumers, except where noted* 2015 2016 2017 U.S. population age 18 or older (millions)†............................................ Number of survey respondents................................................................ 242.6 1,076 245.3 2,848 246.3 2,793 Gender Male..................................................................................................... Female.................................................................................................. 45.3 54.7 47.9 52.1 46.6 53.4 Age 18–24.................................................................................................... 25–34.................................................................................................... 35–44.................................................................................................... 45–54.................................................................................................... 55–64.................................................................................................... 65 and older.......................................................................................... 6.0 21.3 17.3 20.4 18.2 16.8 5.4 23.3 16.9 17.6 17.2 19.7 5.4 24.1 16.4 17.0 17.1 20.0 Race White.................................................................................................... Black.................................................................................................... Asian.................................................................................................... Other..................................................................................................... 76.3 13.3 4.6 5.8 74.5 12.8 3.2 9.4 74.9 13.3 3.8 8.0 Ethnicity Hispanic or Latino................................................................................ 12.2 12.2 11.9 Education No high school diploma........................................................................ High school.......................................................................................... Some college........................................................................................ College—bachelor's degree.................................................................. Post-graduate study.............................................................................. 8.3 28.1 19.9 29.2 14.5 7.2 32.8 17.9 28.0 14.2 7.3 32.7 18.1 28.1 13.8 Homeownership rate ............................................................................... 62.8 66.9 65.4 * Estimates are weighted. The table of unweighted sample demographics is available upon request. † Source: Haver Analytics. October estimate, Civilian Noninstitutional Population by Sex and Age (A-13), PN18@EMPL + PN20@EMPL © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 1—Confidence Intervals Number and Dollar Value of Payments by Type of Payment Instrument Average number and value per consumer, October Number per consumer All payments Paper instruments Cash.......................................... Check....................................... Money order............................. Payment cards Debit......................................... Credit or charge........................ Prepaid/Gift/EBT..................... Electronic payments Bank account number payment Online banking bill payment.... Other PayPal...................................... Account to accnt transfer.......... Mobile payment....................... Income deduction..................... Other*....................................... Dollar value per consumer 2015 2016 2017 2015 2016 2017 [48.0, 54.8] [18.3, 22.4] [44.2, 47.6] [16.6, 18.5] [39.1, 42.9] [3107, 4093] [3534, 4297] [3015, 3821] [14.1, 16.0] [803, 1412] [975, 1362] [772, 1084] [15.2, 19.0] [2.3, 3.8] [0.0, 0.4] [23.2, 28.3] [12.9, 17.5] [7.9, 10.8] [0.7, 1.6] [3.3, 5.1] [1.2, 2.3] [1.7, 3.1] [0.7, 1.4] [0.1, 0.2] [0.1, 0.3] [0.1, 0.2] [0.0, 0.2] [0.2, 0.8] [13.3, 15.0] [2.9, 3.8] [0.0, 0.1] [20.9, 23.1] [11.5, 13.3] [7.6, 9.1] [1.0, 1.4] [3.8, 4.9] [1.7, 2.4] [1.9, 2.6] [1.7, 2.2] [0.2, 0.4] [0.3, 0.5] [0.1, 0.3] [0.2, 0.4] [0.7, 1.0] [11.6, 13.2] [291, 470] [270, 339] [2.1, 3.0] [394, 977] [643, 1021] [0.0, 0.2] [7, 76] [6, 58] [18.8, 21.4] [1118, 1499] [979, 1136] [9.7, 11.8] [535, 836] [493, 605] [7.7, 9.6] [460, 705] [416, 531] [0.6, 0.9] [16, 64] [22, 48] [3.1, 4.1] [787, 1383] [1055, 1552] [1.6, 2.4] [263, 549] [483, 782] [1.3, 2.0] [424, 935] [482, 860] [1.8, 2.6] [57, 140] [232, 540] [0.2, 0.5] [1, 41] [10, 25] [0.2, 0.5] [12, 72] [34, 300] [0.1, 0.5] [-1, 23] [8, 46] [0.1, 0.3] [1, 25] [13, 62] [0.7, 1.3] [1, 22] [70, 204] [253, 328] [458, 753] [2, 62] [941, 1168] [437, 577] [438, 620] [10, 27] [816, 1256] [420, 802] [315, 534] [215, 584] [7, 15] [61, 402] [3, 44] [14, 73] [28, 152] — [36.4, 42.9] — [36.6, 39.9] — [34.8, 38.7] — [24.2, 37.3] — [25.8, 33.9] — [23.8, 30.5] [30.0, 36.6] [4.6, 7.4] [0.1, 0.8] [46.8, 53.3] [25.8, 33.2] [15.7, 20.9] [1.4, 3.1] [6.4, 9.9] [2.4, 4.5] [3.4, 6.0] [1.5, 2.8] [0.1, 0.5] [0.2, 0.7] [0.1, 0.5] [0.0, 0.4] [0.4, 1.5] [29.3, 32.4] [6.4, 8.1] [0.1, 0.3] [46.3, 49.5] [25.4, 28.8] [16.7, 19.6] [2.1, 3.1] [8.5, 10.6] [3.8, 5.3] [4.3, 5.7] [3.8, 4.8] [0.5, 0.9] [0.6, 1.0] [0.3, 0.6] [0.4, 0.8] [1.4, 2.1] [28.5, 32.1] [5.2, 7.2] [0.1, 0.5] [47.0, 50.9] [24.1, 28.3] [19.0, 23.1] [1.4, 2.2] [7.7, 10.0] [3.9, 5.7] [3.3, 4.8] [4.5, 6.3] [0.5, 1.1] [0.5, 1.1] [0.3, 1.2] [0.3, 0.8] [1.8, 3.1] [7.8, 13.3] [12.3, 25.8] [0.2, 2.1] [31.2, 41.5] [14.8, 23.3] [13.0, 19.4] [0.4, 1.8] [23.7, 36.6] [7.6, 15.0] [12.8, 24.9] [1.6, 3.9] [0.0, 1.1] [0.3, 2.0] [0.0, 0.6] [0.0, 0.7] [0.0, 0.6] [6.7, 8.9] [17.2, 25.3] [0.2, 1.5] [24.3, 29.7] [12.3, 15.8] [10.4, 13.7] [0.6, 1.2] [28.7, 37.9] [12.8, 19.5] [13.0, 21.3] [6.2, 13.5] [0.2, 0.6] [1.0, 7.5] [0.2, 1.2] [0.3, 1.6] [1.8, 5.2] [7.1, 9.9] [14.4, 21.1] [0.1, 1.8] [27.1, 34.6] [12.4, 17.3] [12.9, 18.1] [0.3, 0.8] [25.1, 35.6] [13.0, 22.8] [9.3, 15.5] [7.1, 16.3] [0.2, 0.4] [2.2, 11.3] [0.1, 1.3] [0.4, 2.2] [0.9, 4.4] Percentage share All payments Paper instruments Cash.......................................... Check....................................... Money order............................. Payment cards Debit......................................... Credit or charge........................ Prepaid/Gift/EBT..................... Electronic payments Bank account number payment Online banking bill payment.... Other PayPal...................................... Account to accnt transfer.......... Mobile payment....................... Income deduction..................... Other*....................................... * The term "Other" includes the following payment methods: multiple payment methods for one payment, unreported payment methods, and other responses that could not be recategorized into one of the existing payment instrument categories. © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 2—Confidence Intervals Average Transaction Value of Payments by Type of Payment Instrument Average dollar value per transaction, October All payments Paper instruments Cash........................................................ Check...................................................... Money order........................................... Payment cards Debit....................................................... Credit or charge...................................... Prepaid/Gift/EBT................................... Electronic payments Bank account number payment............... Online banking bill payment.................. Other PayPal..................................................... Account to accnt transfer........................ Mobile payment...................................... Income deduction................................... Other*..................................................... 2015 2016 2017 [61.4, 78.7] [40.0, 68.7] [77.8, 92.8] [56.1, 76.9] [74.4, 92.2] [52.1, 71.0] [18.1, 26.5] [139.5, 307.0] [70.5, 317.3] [45.5, 56.3] [38.2, 52.3] [53.5, 70.6] [18.8, 49.3] [198.8, 318.6] [165.0, 292.0] [189.9, 371.9] [54.7, 125.4] [44.8, 224.6] [111.9, 281.5] [-1.2, 145.8] [57.9, 191.9] [1.1, 47.8] [19.4, 23.6] [201.6, 296.1] [177.9, 563.9] [45.3, 51.0] [40.7, 47.6] [51.5, 62.0] [21.3, 37.2] [247.6, 348.1] [236.6, 369.0] [222.7, 364.1] [120.8, 270.1] [33.2, 75.8] [109.1, 805.9] [62.2, 194.0] [56.9, 213.7] [92.4, 248.0] [20.8, 26.0] [189.1, 287.0] [52.0, 498.2] [47.6, 57.3] [41.7, 52.6] [52.5, 70.1] [15.1, 35.9] [233.2, 337.2] [223.9, 396.2] [206.4, 304.9] [98.2, 261.0] [21.3, 43.8] [210.8, 1,146.8] [11.4, 143.0] [92.1, 272.9] [33.0, 145.8] * The term "Other" includes the following payment methods: multiple payment methods for one payment, unreported payment methods, and other responses that could not be recategorized into one of the existing payment instrument categories. © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 3—Confidence Intervals Purchases by Type of Payment Instrument Average number and value per consumer; average value per transaction, October 2017 *, † Value ($) Number (#) per consumer All purchases Paper instruments Cash........................................................ Check...................................................... Money order........................................... Payment cards Debit....................................................... Credit or charge...................................... Prepaid/Gift/EBT................................... Electronic payments Bank account number payment............... Online banking bill payment.................. Other PayPal..................................................... Account to accnt transfer........................ Mobile payment...................................... Income deduction................................... Other‡..................................................... per transaction [30.6, 33.9] [11.6, 13.2] [1146, 1681] [279, 485] [35.9, 51.8] [22.8, 38.7] [10.7, 12.3] [0.7, 1.1] [0.0, 0.0] [16.9, 19.3] [8.5, 10.4] [7.1, 8.9] [0.5, 0.9] [0.2, 0.4] [0.2, 0.3] [0.0, 0.1] [1.0, 1.7] [0.2, 0.4] [0.1, 0.3] [0.0, 0.4] [0.0, 0.1] [0.4, 0.9] [189, 238] [69, 268] [0, 0] [711, 871] [297, 372] [369, 509] [9, 25] [36, 110] [26, 98] [4, 19] [8, 325] [6, 14] [-20, 296] [0, 4] [0, 1] [7, 26] [16.9, 20.3] [81.1, 280.3] — [40.2, 47.2] [32.8, 38.2] [48.2, 62.0] [13.9, 35.4] [121.7, 317.7] [126.3, 393.3] [52.1, 186.4] [5.4, 235.8] [21.4, 43.8] [-85.7, 1755.8] [2.2, 22.2] [2.3, 24.6] [9.4, 37.0] * The term "purchases" includes person-to-person transactions and asset transfers. † The numbers in Tables 3 and 4 do not add up exactly to the numbers in Table 1 due to a small number of missing values of the variable that classifies purchases and bills. ‡ The term "Other" includes the following payment methods: multiple payment methods for one payment, unreported payment methods, and other responses that could not be recategorized into one of the existing payment instrument categories. © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 3a—Confidence Intervals Purchases by Type of Payment Instrument Percentage share of number and value per consumer, October 2017 *, † Value ($) Number (#) per consumer All purchases Paper instruments Cash........................................................ Check...................................................... Money order........................................... Payment cards Debit....................................................... Credit or charge...................................... Prepaid/Gift/EBT................................... Electronic payments Bank account number payment............... Online banking bill payment.................. Other PayPal..................................................... Account to accnt transfer........................ Mobile payment...................................... Income deduction................................... Other‡..................................................... per transaction — [36.4, 40.7] — [23.4, 30.6] — — [33.6, 37.7] [2.3, 3.5] [0.0, 0.0] [54.0, 58.3] [26.8, 31.7] [22.3, 27.1] [1.6, 2.7] [0.7, 1.3] [0.5, 1.0] [0.1, 0.4] [3.3, 5.3] [0.6, 1.2] [0.2, 0.8] [0.1, 1.1] [0.0, 0.2] [1.4, 2.9] [12.0, 18.2] [6.8, 17.1] [0.0, 0.0] [45.7, 66.3] [18.9, 28.5] [24.5, 37.6] [0.6, 1.8] [2.5, 7.9] [1.8, 7.0] [0.2, 1.4] [2.6, 21.0] [0.4, 1.0] [0.3, 19.3] [0.0, 0.3] [0.0, 0.1] [0.4, 1.8] — — — — — — — — — — — — — — — — * The term "purchases" includes person-to-person transactions and asset transfers. † The numbers in Tables 3 and 4 do not add up exactly to the numbers in Table 1 due to a small number of missing values of the variable that classifies purchases and bills. ‡ The term "Other" includes the following payment methods: multiple payment methods for one payment, unreported payment methods, and other responses that could not be recategorized into one of the existing payment instrument categories. © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 4—Confidence Intervals Bill Payments by Type of Payment Instrument Average number and value per consumer; average value per transaction, October 2017 Value ($) Number (#) per consumer All bill payments Paper instruments Cash........................................................ Check...................................................... Money order........................................... Payment cards Debit....................................................... Credit or charge...................................... Prepaid/Gift/EBT................................... Electronic payments Bank account number payment............... Online banking bill payment.................. Other PayPal..................................................... Account to accnt transfer........................ Mobile payment...................................... Income deduction................................... Other*..................................................... per transaction [7.8, 9.4] [2.2, 3.0] [1704, 2263] [430, 659] [204.0, 257.1] [174.4, 241.5] [0.7, 1.1] [1.3, 1.9] [0.0, 0.2] [1.6, 2.2] [1.0, 1.6] [0.4, 0.8] [0.0, 0.0] [2.8, 3.8] [1.4, 2.1] [1.2, 1.9] [0.6, 1.0] [0.0, 0.0] [0.1, 0.2] [0.0, 0.2] [0.1, 0.3] [0.2, 0.4] [48, 103] [329, 543] [2, 62] [192, 328] [115, 227] [49, 128] [0, 1] [746, 1179] [362, 737] [304, 522] [126, 308] [0, 2] [28, 158] [1, 41] [10, 49] [15, 130] [63.0, 106.6] [221.3, 322.1] [52.0, 498.2] [107.3, 165.1] [98.6, 165.6] [89.9, 203.1] [-22.6, 123.4] [235.6, 348.0] [220.7, 413.2] [212.6, 315.3] [186.4, 369.3] [8.5, 84.5] [238.4, 836.3] [70.8, 313.0] [89.7, 228.5] [111.1, 388.5] — [26.6, 34.2] — [22.3, 32.6] — — [8.0, 12.7] [15.3, 22.0] [0.4, 2.3] [18.9, 25.4] [12.1, 18.0] [5.2, 8.9] [0.0, 0.3] [34.2, 42.5] [16.5, 23.8] [14.9, 21.5] [7.0, 11.1] [0.0, 0.5] [1.2, 2.8] [0.4, 2.1] [1.1, 3.2] [2.0, 4.8] [2.4, 5.3] [17.2, 26.8] [0.1, 3.1] [9.7, 16.5] [5.8, 11.5] [2.5, 6.4] [0.0, 0.1] [41.7, 55.4] [20.4, 35.0] [15.7, 25.9] [6.6, 15.2] [0.0, 0.1] [1.5, 7.9] [0.1, 2.1] [0.5, 2.5] [0.8, 6.5] — — — — — — — — — — — — — — — — Percentage share All bill payments Paper instruments Cash........................................................ Check...................................................... Money order........................................... Payment cards Debit....................................................... Credit or charge...................................... Prepaid/Gift/EBT................................... Electronic payments Bank account number payment............... Online banking bill payment.................. Other PayPal..................................................... Account to accnt transfer........................ Mobile payment...................................... Income deduction................................... Other*..................................................... * The term "Other" includes the following payment methods: multiple payment methods for one payment, unreported payment methods, and other responses that could not be recategorized into one of the existing payment instrument categories. © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 5—Confidence Intervals Cash Holdings—On Person Average number of bills and dollar value per consumer, October 2017 All bills $1......................................................................................................... $2......................................................................................................... $5......................................................................................................... $10....................................................................................................... $20....................................................................................................... $50....................................................................................................... $100..................................................................................................... Number of bills Dollar value [5.3, 6.0] [2.4, 2.8] [0.0, 0.0] [0.7, 0.9] [0.5, 0.6] [1.3, 1.6] [0.1, 0.1] [0.1, 0.2] [53.0, 64.8] [2.4, 2.8] [0.0, 0.1] [3.6, 4.4] [4.9, 6.1] [25.7, 32.7] [3.4, 5.8] [9.4, 16.6] — [43.9, 48.1] [0.2, 0.6] [12.9, 15.3] [8.8, 10.6] [23.7, 28.1] [1.2, 2.0] [1.7, 2.9] — [4.0, 4.8] [0.0, 0.1] [5.9, 7.6] [8.2, 10.4] [45.4, 53.8] [5.8, 9.7] [17.3, 26.9] Percentage shares by denomination All bills $1......................................................................................................... $2......................................................................................................... $5......................................................................................................... $10....................................................................................................... $20....................................................................................................... $50....................................................................................................... $100..................................................................................................... © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 6—Confidence Intervals Cash Holdings—Cash Stored Elsewhere Average number of bills and dollar value per consumer, October 2017 All bills $1......................................................................................................... $2......................................................................................................... $5......................................................................................................... $10....................................................................................................... $20....................................................................................................... $50....................................................................................................... $100..................................................................................................... Number of bills Dollar value [5.7, 10.4] [1.2, 5.4] [0.0, 0.6] [0.4, 0.7] [0.3, 0.8] [1.2, 2.0] [0.2, 0.3] [0.8, 2.0] [136.2, 261.1] [1.2, 5.4] [0.1, 1.2] [1.9, 3.5] [3.4, 7.8] [24.9, 40.6] [7.6, 17.4] [81.2, 201.1] — [25.7, 56.9] [0.6, 7.4] [4.7, 8.9] [3.9, 10.0] [13.8, 26.8] [1.8, 4.5] [9.8, 25.3] — [0.5, 2.8] [0.0, 0.6] [0.8, 1.9] [1.5, 4.2] [10.7, 22.2] [3.6, 9.0] [61.7, 80.4] Percentage shares by denomination All bills $1......................................................................................................... $2......................................................................................................... $5......................................................................................................... $10....................................................................................................... $20....................................................................................................... $50....................................................................................................... $100..................................................................................................... © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 7—Confidence Intervals Income and Labor Force Status Percentage of consumers* 2015 2016 2017 Household income Less than $25,000................................................................................. $25,000–$49,999.................................................................................. $50,000–$74,999.................................................................................. $75,000–$99,999.................................................................................. $100,000–$124,999.............................................................................. $125,000–$199,999.............................................................................. $200,000–$499,999.............................................................................. $500,000 or more................................................................................. [19.5, 26.0] [20.0, 26.3] [16.7, 22.4] [9.9, 14.6] [7.0, 10.9] [7.9, 12.0] [1.7, 4.0] [-0.1, 1.2] [19.2, 23.3] [21.6, 25.9] [15.8, 19.3] [10.3, 13.3] [9.3, 12.5] [9.5, 12.6] [2.6, 4.4] [0.0, 0.4] [17.7, 21.4] [20.7, 24.6] [17.3, 20.9] [11.0, 14.0] [8.9, 11.9] [10.4, 13.6] [2.7, 4.5] [0.0, 0.2] Respondent income Highest in household............................................................................ About equal with highest...................................................................... 2nd highest........................................................................................... 3rd highest or lower.............................................................................. [48.4, 55.7] [10.2, 15.3] [21.0, 27.2] [8.5, 13.7] [48.4, 53.1] [13.0, 16.4] [21.5, 25.4] [9.5, 12.7] [47.1, 52.5] [12.3, 16.2] [23.0, 27.7] [8.7, 12.4] Labor force status Currently working................................................................................. On sick or other leave........................................................................... Unemployed—on layoff†..................................................................... Unemployed—looking......................................................................... Retired.................................................................................................. Disabled................................................................................................ Other..................................................................................................... Selected multiple options..................................................................... [56.1, 63.3] [0.1, 1.0] [0.1, 1.5] [3.8, 7.8] [12.2, 17.1] [4.7, 8.7] [3.2, 6.4] [5.3, 8.8] [57.4, 62.0] [0.2, 0.8] [0.3, 1.3] [4.6, 6.8] [14.2, 17.5] [5.4, 7.7] [4.7, 6.9] [4.2, 6.2] [59.0, 64.2] [0.0, 0.3] [0.1, 1.0] [3.5, 5.7] [13.4, 17.1] [5.0, 7.4] [4.7, 7.4] [4.5, 6.8] * Estimates are weighted. The table of unweighted sample demographics is available upon request. † The numbers for unemployment differ from the official BLS numbers due to differences between the UAS panel and the BLS in the methodologies for collecting the data and computing the unemployment rate. © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco. 2017 Diary of Consumer Payment Choice Table 8—Confidence Intervals Demographics and Homeownership Percentage of consumers, except where noted* U.S. population age 18 or older (millions)†............................................ Number of survey respondents................................................................ 2015 2016 2017 — — — — — — Gender Male..................................................................................................... Female.................................................................................................. [41.7, 49.0] [51.0, 58.3] [45.5, 50.4] [49.6, 54.5] [43.4, 49.8] [50.2, 56.6] Age 18–24.................................................................................................... 25–34.................................................................................................... 35–44.................................................................................................... 45–54.................................................................................................... 55–64.................................................................................................... 65 and older.......................................................................................... [3.9, 8.1] [18.1, 24.5] [14.8, 19.8] [17.5, 23.2] [15.6, 20.9] [14.1, 19.5] [4.1, 6.6] [21.0, 25.6] [15.1, 18.6] [15.8, 19.3] [15.6, 18.8] [17.7, 21.8] [4.1, 6.6] [21.9, 26.3] [14.8, 18.0] [15.4, 18.7] [15.6, 18.7] [18.1, 21.9] Race White.................................................................................................... Black.................................................................................................... Asian.................................................................................................... Other..................................................................................................... [73.0, 79.5] [10.5, 16.1] [2.9, 6.3] [4.6, 7.1] [72.1, 76.9] [10.9, 14.7] [2.2, 4.3] [7.8, 11.1] [72.4, 77.5] [11.3, 15.3] [2.6, 4.9] [6.4, 9.6] Ethnicity Hispanic or Latino................................................................................ [9.3, 15.1] [10.3, 14.2] [9.8, 13.9] Education No high school diploma........................................................................ High school.......................................................................................... Some college........................................................................................ College—bachelor's degree.................................................................. Post-graduate study.............................................................................. [5.7, 10.8] [24.3, 31.9] [17.3, 22.5] [26.3, 32.1] [12.3, 16.7] [5.7, 8.7] [30.2, 35.3] [16.2, 19.6] [26.0, 30.0] [12.6, 15.7] [5.9, 8.6] [30.3, 35.1] [16.5, 19.7] [26.1, 30.0] [12.4, 15.3] Homeownership rate ............................................................................... [59.2, 66.5] [64.5, 69.4] [63.1, 67.7] * Estimates are weighted. The table of unweighted sample demographics is available upon request. † Source: Haver Analytics. October estimate, Civilian Noninstitutional Population by Sex and Age (A-13), PN18@EMPL + PN20@EMPL © 2018 Federal Reserve Banks of Atlanta, Boston, Richmond, and San Francisco.