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Wednesday, August 15, 2018

    Chances are that money will pass through your fingers on a daily basis, but, how much do you know about the dollar bill that just left your hand?

    Did you know that “In God We Trust” did not appear on paper currency until 1963? Or how about the face that a coin typically lasts 30 years while a $5 bill lasts less than 1.5 years?

    This wonderful infographic below has all sorts of fun facts about money that might just surprise you. Click to enlarge.

    Money : The Cold Hard Facts
    Image source: www.mba-in-finance.org

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    Grayson @ Debt Roundup July 22, 2013 at 12:49 pm

    Very informative infographic. I never understood why we still made money that cost us more to produce than it’s face value? Does anyone even like pennies?

      Sandy Smith July 22, 2013 at 1:57 pm

      Did you know that the government has been trying to shift to coins for dollar bills but the public is resisting it? It was save approximately $5.5 billion over thirty years. Personally, I LOVE those dollar coins.

      Free Money Minute July 23, 2013 at 6:39 am

      No, pennies really need to go. It is a classic example of government waste and their ability to not adapt to the changing world.

        Sandy Smith July 23, 2013 at 1:43 pm

        I know that it makes sense to get rid of pennies, but it almost feels like admitting defeat to me.

    Simon @ Modest Money July 22, 2013 at 1:10 pm

    Wait, those bills are fabric! Sure feels like paper to me…lol
    There are also some interesting figures in there: 80% vs 78% debit and credit cards respectively…that might be encouraging till you see the figure for credit card debt…a whooping 800 billion!
    Like the insights

    Free Money Minute July 23, 2013 at 6:35 am

    I am surprised to see that the $1 bill lasts longer than the $5 or $10 bill. I would not have guessed that.

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