Rounding prices to the nearest nickel would not have ‘any significant inflationary consequences,’ a 2023 study found
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Not having a penny to your name doesn’t have the sting it once did.
At the Trump administration’s so-called Department of Government Efficiency, Elon Musk has revived the great penny debate, a long-running call to discontinue the one-cent coin. And according to some experts, if pennies were taken out of circulation, it wouldn’t make much difference to the financial lives of many Americans.
