The AP has a story today about the subject line. That's right, folks, apparently we won't need pennies in the future. The article states that pennies are irrelevant now. This really speaks to the state of the U.S. economy and the future. What do you fine folks think about this?
I'm curious about how this will affect merchants. The grocery store I worked at removed the penny tray at the cash registers several months ago. I thought they were just being jerks, but I guess they knew this was happening.
Also, will we still be pinching pennies, or will it be dollar bills?
The last gasp: no more pennies will be printed
byu/voidspaces1 inFrugal
Posted by voidspaces1
10 Comments
Canada got rid of pennies years ago. Cash prices are just rounded to the nearest 5 cents.
How will this help us be more frugal?
This makes no difference to anything.
We *don’t* need pennies, and they *are* irrelevant.
I thought it was already done. But yeah, Canada a penny less since many years now
I hope they get rid of nickels and dimes too.
Lots of places have done away with their lowest denomination coinage. Including the US: when was the last time you saw a half cent coin?
Pennies cost more to make then they are worth.
It’s a good idea and should have been enacted a long time ago.
I’m not sure why you think this has anything to do with the economy lol
Might be harder to find pennies for battery terminal shims now…
I hope they just pass down the savings back to us along with the DOGE 5k and the new t-rump 2k.