Money: it makes the world go round. The Federal Reserve estimates that there is currently somewhere around $1 trillion in US Currency currently in circulation. We all use it just about every day, we earn it so we can spend it, we save it (some more than others), but how much do we really know about it? Here are 20 off-the-wall facts about money that you may wish you never knew.
1. A penny costs 2.4 cents to manufacture.
And we wonder why our country is going broke? Do we really even need more pennies to be manufactured? These annoying little crumbs of our cash, (that are commonly left in the “Take a Penny, Leave a Penny” dishes at convenience stores because of their miniscule value), are actually costing our government 2.4 times their value to be created.
2. More than 2 million Americans live on less than $2 a day.
This sad truth is a result of our economy in America today. But let’s look at the bright side of this interesting tid-bit: if 2 million Americans have figured out how to live off a budget as small as $60 a month, there must be some places in our personal budgets that could be cut back a little, right?
3. The Bureau of Engraving and Printing uses 9.7 tons of ink each day.
The United States Bureau of Engraving and Printing (also called the “Money Factory”) has two active facilities from which it prints money today. There is one located in Washington, D.C. and another in Fort Worth, Texas. Together these two facilities use a mind-blowing 9.7 tons of ink per day. That is almost the equivalent weight of 3 cars!
4. 5% of the people who buy lottery tickets account for 51% of all tickets sold.
While we are on this subject, it should be noted that a person who drives 10 miles to buy their lottery ticket is actually 3 times more likely to be killed in a car accident while driving to buy the ticket than they are to win the jackpot. How’s that for some odds?
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