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Cash Is Back! Can You Believe It?
Cash has replaced credit cards as the second-most popular payment method for holiday gifts this season, according to a new National Retail Federation (NRF) survey.
The "NRF 2005 Holiday Consumer Intentions and Actions Survey," conducted by BIGresearch, finds that check/debit cards remain the most popular payment method this season. It finds that 34.3 percent of shoppers will use debit/check cards, 28.5 percent will use cash, 28.2 percent will use credit cards and 9.1 percent will use checks.
CDs, DVDs, videos and video games remain the most popular gifts, with 61.2 percent of consumers planning on purchasing at least one as a gift. Other popular gifts this year include clothing and clothing accessories (60.3 percent), gift cards (52.5 percent) and toys (45 percent). Many consumers (30.1 percent) also plan to include food or candy in their holiday gift purchases.
As of last week, the average shopper had completed 24.9 percent of his or her shopping, with 68.1 percent less than a tenth finished, according to the report.
Is there a full Moon out there? Shoppers opting to pay with the green rather than plastic!! Gotta be Un-American!
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