Federal Reserve: COVID-19 boosted online, credit card purchases

THE COVID-19 PANDEMIC ushered in new spending habits for consumers, many of whom made the switch to online purchases and banking services, as well as cards over cash, according to a new report from the Federal Reserve Bank of Boston. / COURTESY FEDERAL RESERVE BANK OF BOSTON
PROVIDENCE – The COVID-19 pandemic ushered in new spending habits for consumers,  many of whom made the switch to online purchases and banking services, as well as cards over cash, according to a new report from the Federal Reserve Bank of Boston. The report is titled “Has COVID Changed Consumer Payment Behavior?” and compared results…

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