No more pennies? How it could change the way you shop
We may be seeing the beginning of the end for the penny. After President Trump ordered the U.S. Treasury to stop minting new pennies — citing rising costs to produce them — local shortages are showing up in pockets of the country. Businesses must now decide whether to round prices to the nearest nickel or even dollar when it comes to cash transactions. But the biggest changes are likely to be in how items are priced, changing the familiar "99‑cent effect" where a price just under a dollar feels cheaper. ------------------------------------- Join our newsletter at https://bit.ly/2q1tepr Follow us on Facebook: / scrippsnews Follow us on Twitter: / scrippsnews Follow us on Instagram: / scrippsnews Follow us on TikTok: / scrippsnews
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