What does the end of the penny mean? Here's what experts are saying
What does the end of the penny mean? Here's what experts are saying
- June 8, 2025
- Bill Maurer, anthropology, USA Today, MSN, June 8, 2025
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There is no time frame for prices to be set in five-cent increments – a move to change all those prices ending in 49 or 99 cents to the nearest five cents due to lack of pennies – but they will likely eventually, said Bill Maurer, dean of the School of Social Sciences at the University of California, Irvine, and director of UCI’s Institute for Money, Technology and Financial Inclusion. … "If someone comes to you with cash, you round up, right? So if you're kind of doubly screwed if you're poorer," Maurer told USA TODAY.
For the full story, please visit https://www.usatoday.com/story/money/2025/06/08/penny-going-away-2025-pennies-value/84072576007/.
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