Consumers, Flush With Stimulus Money, Shun Credit-Card Debt - WSJ

Fewer people are late on their credit-card payments. Consumer demand for new borrowing—through credit cards, personal loans and even pawnshops—is down sharply.

May this be a lesson to consumers on the unnecessary nature of credit cards.

Data from card companies indicate that the pandemic has spurred a shift away from credit cards toward debit-card purchases across spending categories