The ratio varies from day to day but we're running about 60 / 40 between cash and plastic. Some days it's 60% cash and other days it's 60 % plastic.
The plastic transactions are running somewhere around 70 % debit cards and 30% credit cards. Credit cards seem to be more in the realm of the upper middle class and the wealthy.
If i boiled it all down : It seems that most folks are working with cash they have on hand or in their checking account.
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I was talking with one of the local lobstermen last night. He's well into his 50's and owns just about everything outright. They had a bad year with lobstering in 2017.He had to replace his truck in 2017 because the frame broke but he didn't have the cash on hand to pay for it so he took out a loan.
He explained that it took a bit of doing to get that loan. He had no credit history or credit score. Here he is ... the most responsible guy in the world. Always paid his bills on time, raised a family, and lived within his means for all of his adult life.
Not saying that it's good or bad. Just an observation that a good credit score might have more to do with the potential money that a bank could make off someone in the form of interest with the least amount of risk. It probably has less to do with the wise money management decisions that people make.
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