This is an oft cited statistic that isn’t so much “cited” as “thrown around without citation.” I know studies HAVE been done, but they seem awfully hard to track down.

I have a lot of thoughts on this subject – enough to warrant a whole post, I believe. Look for a post on the cash vs. plastic spending debate within the next few days.

Have you ever heard of a study being done on spending habits comparing cash and debit/credit? and if so, do you have a link? The only way I can see her claim being true is if some people are delusional and think by using plastic they aren’t spending real money or that you only get 50 or 100 dollar bills and businesses won’t break them when you want to buy something.

While I firmly believe that I do not spend money with a credit card that I would not have spent with cash, I am still interested in how the whole of America (or world) behaves. Personally, I want to get 1 to 5% cash back.