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Anticipating The Consumer Spending Rebound

PYMNTS

In an interview with Karen Webster, Chuck Fagan, president and CEO of PSCU , a credit union service organization (CUSO), said that the impact to consumer spending will be prolonged, but the recovery will be swift and sharp — depending on where you look. Overall credit card spend was down 29.9

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Debit Leads Payments Preference Parade

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Consumers are … rethinking whether they should be paying for goods with cash, credit cards or debit cards. Consumers must also consider whether it still makes sense to use credit when cash is tight, or if doing so will put them into debt that could become harder to pay off as job losses deepen.”.