Holiday Shoppers Ditched Credit Cards

Most used cash or debit cards to snag bargains
By Nick McMaster,  Newser Staff
Posted Nov 30, 2009 4:16 AM CST
Holiday Shoppers Ditched Credit Cards
Kristin and Jesse Lindley, of Chicago, carry their shopping bags on Chicago's Magnificent Mile Friday, Nov. 27, 2009.   (AP Photo/Charles Rex Arbogast)

Recession-strapped Americans may have developed a plastic allergy—only 26% of Thanksgiving weekend shoppers used credit cards. Though consumers proved willing to spend over the holiday weekend, they seem to be changing how they spend: a whopping 39% used old-fashioned greenbacks, with debit cards making up the rest, according to a retail survey. "That's an amazing shift in consumers' habits," the founder of America's Research Group told Reuters. (More recession stories.)

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