January 29, 2009 12:34:19 PM
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James Walsh

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Behavior

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Credit cards for pizza??

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I often find myself chatting with the local pizzeria owners to gauge the neighborhood business activity- that's what you get when you take a NY born and bread Italian American and put him in North Jersey:)
I recently asked how business was and was taken by surprise to hear his observation that many of his regular customers had switched over to paying for their orders with credit cards.

My instinctual answer to that query would have been to expect cash payments to have gone up as people stray from using credit..

Less overall household money, cheaper food sources like pizza make sense- but so little money that they are increasing credit card usage is a little frightening..