ABSTRACT
Following the arrival of COVID-19, consumer spending patterns changed almost overnight, in some cases accelerating trends that had been pro¬gressing slowly for years, in particular, the transi¬tion of consumer payments from ‘traditional’ meth¬ods such as cash and cheques to electronic payment methods like cards, mobile wallets and mobile pay¬ment applications.As the world begins to transition into a post-pandemic economy, the big question is whether these new payment habits will endure. In an economy such as the USA, which produces nearly US$100tn of non-cash payments annually, changes to the way that consumption is conducted have potentially large effects on both cost and risk for financial institutions, payment networks and consumers. This paper uses data from the Federal Reserve Bank of Philadelphia to identify which seg¬ments of the population are most likely to maintain these new habits, and which are more likely to shift. While it is still too early to make definitive conclu¬sions, this paper identifies trends that may provide insights into future developments in this area. © Henry Stewart Publications, 1750-1806.