Little Known Money Facts

By: Nicole Anderson

What do you know about money?
Bet you don’t know some of these factoids.

MoneyFacts
Fun Facts About Money

1) What Does It Take to Buy a House Now? 

In 1970 a new house cost twice the annual salary of a married couple even with only one person working. Today a new house costs eight times the annual salary with couples both working.

2) How Long Does U.S Money Live?

  • The average life of a coin is 25 years.
  • The average life span of a $1 bill, is about 18 months.
  • For a $5 bill the average life is 15 months
  • The $20 life span of  is two years.
  • The $50 bill about five years
  • The $100 eight and a half years.
    The $50 and $100 notes don't circulate quite as often as the smaller denominations, so they last longer

3) How Much Lost of Unclaimed Money is There? 

In the united states there is over $25 BILLION in unclaimed money! The most common types of Unclaimed Property are:

  • Savings and checking accounts and safe deposit box contents
  • Stocks, mutual funds, bonds, and dividends
  • Uncashed cashier's checks or money orders
  • IRS refunds
  • Wages, child support payments
  • Matured or terminated insurance policies

Chances are you or someone in your family is owed some lost money? You can search for you and your families portion of the nations unclaimed money at www.cashunclaimed.com

3) WHO WORKS FOR MINIMUM WAGE?

2/3 of minimum wage earners are women

4) HOW MUCH U.S. MONEY IS THERE?

  • In June 30, 1910 there was $ 3,148,700,000 in circulation, which was $34.07 per capita.
  • In June 30, 2000 $ 571,121,194,344 which is $ 2,075.63 per capita.

5) HOW RICH ARE YOU?

Three billion people live on less than $2 per day while 1.3 billion get by on less than $1 per day. Seventy percent of those living on less than $1 per day are women.

  • Ever wonder how your annual income compares to the rest of the world. At globalrichlist.com you can enter your annual income and see how you rank in the world. e.g If You have

    - US$1mil,  you will be 578,467 richest person on earth
    - US$10mil, you will be 12,833 Richest person on earth
    -US$100mil, you will be 107 richest person on earth

6) WHAT IS $1.00 FROM 1955 WORTH TODAY?

Ever wonder what $100.00 from the year you were born would be worth now… well now you can find out.  At measuringworth.com you can enter any year since 1790, a dollar amount and find out what it is worth any year up to 2005.

http://www.measuringworth.com/calculators/compare

7) HOW FAR DOES MONEY TRAVEL?

Ever told a kid not to put money in their mouth because it is dirty?  Well, money changes between many hands and you may never have known how truly far it has traveled.  At wheresgeorge.com you can track a dollar by series no. and serial no.  One dollar bill is recorded for 4,191 miles in 3 years!

8) IS A PENNY MADE OF COPPER?

  • For decades prior to 1981 a penny’s composition was 95% copper and 5% zinc alloy. 
  • After Congress authorized a change in 1981 the penny is now copper-plated zinc—97.5% zinc and 2.5% copper.

9) DOES MONEY MAKE PEOPLE HAPPY?

A survey by Pew Research Center showed that nearly half (49%) of those with an annual family income of more than $100,000 say they're very happy. By contrast, just 24% of those with an annual family income of less than $30Computer Technology Articles,000 say they're very happy.

MoneyFacts
Forward these fun facts about money to your friends and family!

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