Cash purchases are on the rise among consumers as more Americans have already maxed out their credit cards and are trying to manage their debt. Retailers like WalMart, Target, and J.C. Penney are noticing a marked shift away from credit cards in favor of cash and debit cards. A big factor is less credit available as major card issuers cut spending limits and raise fees even for customers who pay their bills on time. The shift to cash ends Americans' long love affair with credit cards and is one of the changes in consumer behavior that has emerged since the financial meltdown that could depress consumer spending this holiday season and effect shoppers habit long afterward.
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