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Mark Amtower
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* The number of cardholders is down 7,000 over the same time last year; and
* The average order size is up to $759.23, up almost $60 over the previous fiscal year.
State and local governments also use credit cards for small purchases, though there are no known usage statistics available. Considering how many state and local governments there are, however, you can assume you’re dealing in the tens of billions. Even guessing conservatively, state and local government credit card spending is twice that of the Fed’s. We’re talking $54 billion with 3 percent annual growth.
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