PENSACOLA, Fla. — Using a credit card for everyday purchases is becoming more common.
According to the Federal Reserve’s 2026 Diary of Consumer Payment Choice, the average U.S. consumer makes 16 credit card payments per month, compared with 15 debit card payments and 6 cash payments.
New data reveals more people are turning to credit counselors to help manage the load. This comes as rising debt is outpacing income growth…