We’ll miss you, money.
The New York Times reports the U.S. Treasury did not print any $10 bills. Why bother? Most people are using credit and debit cards for daily expenses.
But it’s also a testament to the “staying power” of the bills. Production of paper currency is declining much more quickly than actual currency use because the bills are lasting longer, according to the Times.
Thanks to technological advances, the average dollar bill now circulates for 40 months, up from 18 months two decades ago.
About the blogger
Bob Collins has been with Minnesota Public Radio since 1992, emigrating to Minnesota from Massachusetts. He was senior editor of news in the ’90s, ran MPR’s political unit, created the MPR News regional website, invented the popular Select A Candidate, started several blogs, and every day laments that his Minnesota Fantasy Legislature project never caught on.
NewsCut is a blog featuring observations about the news. It provides a forum for an online discussion and debate about events that might not typically make the front page. NewsCut posts are not news stories.