debit card spending up, credit card spending way down

[Demovictory9]

https://www.ft.com/content/46b6d49a-661f-386f-b580-2a25db3ac0ae


The recovery has been driven by debit card spending, which is now up slightly from a year earlier. Spending on credit cards remains deeply depressed.

[LeftInTX]

1. Groceries

[elleng]

2. Recovery?

WHAT recovery?

How many have received 'stimulus?' I haven't, and not using 'debit' until I do, even tho only for groceries.

[stopbush]

3. That's encouraging as debit cards access your checking account for funds.

At least people aren’t running up debt on a cc.

[Victor_c3]

5. Or maybe they maxed out their credit cards before the crisis?

If a card is maxed out, then how could people spend more with them?

I’m curious about the number of delinquent credit card payments. If you miss a few payments, wouldn’t that limit your account access?

[miyazaki]

7. Bingo.

[JI7]

4. Most businesses are closed also but it is good if credit card debt can be controlled

[jimfields33]

6. This is good

People are spending their stimulus and in some cases unemployment money. Yes not 100 percent have gotten either but obviously enough have to make positive differences. I have not gotten mine yet. Although finally bank says may 6.

[bullwinkle428]

8. Debit card is spending what you have now; credit card is spending what you hope to have

down the road.