Rising costs across the board mean many people are having to choose between cash or credit at the grocery store, and more often than not, credit wins even when balances are already high.
A PYMNTS report found that 52% of consumers now swipe a credit card to pay for groceries, and it’s not just older Americans relying on plastic. According to John Stevenson, 44% of Gen Z say they use credit cards to support their financial well-being. The problem is relying on credit for the basics can become a longer-term problem.
