America Faces Penny Shortage Impacting Commerce
Reading
The United States has a problem with pennies. There are not enough pennies for stores and banks. President Trump stopped making pennies earlier this year, so now they are scarce.
Some stores are doing things to get more pennies. One store gave free soda for 100 pennies. Other stores lose money because they need to round down prices for customers.
Making pennies costs more than their value. In 2024, it cost about 4 cents to make a penny. Trump said stopping pennies would save the country money, so production stopped.
Many pennies are not used again after being given as change. People keep pennies at home instead of spending them. Also, some coin terminals are closed to penny deposits, making it harder to get pennies around.
Rounding rules can cause legal issues for stores. Stores round down to avoid problems with customers. Other countries removed coins slowly, but the US stopped pennies very quickly and without plans.
Questions
Why are there not enough pennies in the United States?
There are not enough pennies because President Trump stopped making them earlier this year.
What do some stores do to get more pennies?
Some stores give free soda for 100 pennies to encourage people to bring in more pennies.
Why is making pennies a problem?
Making pennies costs more than their value; it costs about 4 cents to make a penny.
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