Hold Onto Those Pennies: What’s Next for Your Spare Change?
Takeaways:
- The US Mint has officially stopped producing pennies, but they’re still part of our lives.
- Each penny costs the government nearly four cents to produce, leading to significant savings.
- Prices in stores might only end in fives and zeros now, which could change our shopping experience.
- What happens to our beloved phrases about pennies? Will they disappear from our conversations?
- I’ve got a bucket of pennies behind my desk—should I keep them or cash them in?
- This change might even affect how we wish for things at wishing wells—nickels, anyone?
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Transcript
This is the Daily Note.
Speaker A:I'm James A.
Speaker A:Brown.
Speaker A:Just because the US Mint is done with pennies doesn't mean pennies are done with the rest of us.
Speaker A:The government says we'll save more than 50 million bucks a year after the change because each penny costs nearly 4 cents to make.
Speaker A:Now all that makes sense.
Speaker A:But I have a few questions about how all this will play out.
Speaker A:Will prices only end in fives and zeros now?
Speaker A:Some fast food restaurants are already rounding up.
Speaker A:And what about wishing wells?
Speaker A:Will they go empty?
Speaker A:Or maybe we'll throw nickels into them?
Speaker A:Now, what about phrases like a bad penny or an honest penny?
Speaker A:Will they go away, too?
Speaker A:And what should I do about the giant bucket of pennies behind my desk besides holding on the hope that a penny is no longer worth just a penny anymore?
Speaker A:What do you think?
Speaker A:Tell me your two cents.
Speaker A: -: Speaker A:On that note, I'm James A.
Speaker A:Brown and as always, be well.
