Interesting article about getting rid of the penny

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Interesting article about getting rid of the penny

Postby highroller4321 » Thu Apr 05, 2018 1:16 pm

http://news.coinupdate.com/why-we-shoul ... materials/

"The National Association of Convenience Stores and the Walgreens drugstore chain have estimated that handling pennies adds 2 to 2.5 seconds per cash transaction. Assume that the average citizen makes one such transaction every day, and so wastes (to be conservative) 730 seconds a year. The median worker earns just over $36,000 a year, or about 0.5 cents per second, so futzing with pennies costs him $3.65 annually."
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Re: Interesting article about getting rid of the penny

Postby Recyclersteve » Thu Apr 05, 2018 5:41 pm

So I guess you are saying that the person who finds $3.65 annually on the ground or in Coinstar machines breaks even... :)
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