Penny production going away
Penny production going away
- June 4, 2025
- Bill Maurer, anthropology, Spectrum News 1, June 4, 2024 (Video)
-----
A 2022 survey found that 20% of consumers never even use cash. And now, here in 2025, President Trump is ordering the Treasury to stop minting pennies due to production costs. Here to discuss the end of pennies and its impact is Bill Maurer, dean of the School of Social Sciences at UC Irvine. … “My reaction, in general, is that this is a kind of ‘proceed with caution’ matter because you just said that about 20% of Americans never pay with cash, but then there’s about 18% of Americans who always pay with cash, and if this is the beginning of a step toward eliminating other coins or bank notes, that’s really going to put a squeeze on people who live in a cash economy,” says Maurer.
For the full story, please visit https://pilot.latakoo.com/asset/20872936?share=3u33uryjnxrtikesxvm76dmf6zvgdv4e.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightUC Irvine-led research team to develop evaluation protocols, tools for city chatbots
- Careet RightMaurer appointed to Social Science Research Council Board of Directors
- Careet RightRecognizing financial readiness, community partnerships
- Careet RightWhat is debt-to-income ratio?
- Careet RightLSR's newest editors are pushing law and society into the future