Federal Reserve

“one in five Americans used BNPL to pay for food from major chains like Walmart or food delivery on apps like DoorDash during the last year alone”

“The Federal Reserve reported this month that cash accounted for 14 percent of consumer payments in 2025.”

“The Federal Reserve recently reported that adults aged 55 and over made an average of 10 cash payments a month in 2025, compared with two among those aged 18 to 24.”

“Rural consumers made nine, against six among people in urban and suburban areas.”

“Households earning below $25,000 made seven cash payments a month, compared with five among households earning more than $150,000.”

“Federal Reserve, by contrast, left its target range at 4.25% to 4.50%”

“The Federal Reserve held interest rates steady on July 29, maintaining the target range at 3.50% to 3.75%.”

“The Fed dropped its benchmark rate to effectively zero in 2020, trying to prevent a recession as the coronavirus pandemic caused unprecedented strain on Americans’ health and safety and the economy t…”

“the central bank delivered the year’s first rate cut.”

“The Fed followed up with a second cut to the federal funds rate at the end of October and a third in December.”

“Fed has kept its short term interest rates in the zero to 0.25% range since December 2008.”