SURPRISING And Interesting Facts About Money!

List of surprising and interesting facts about money: 13. Americans and Debt If you have $10 in your pocket and no debts, you are wealthier than 25% of Americans. Last year, Credit Suisse released a report revealing just how poor people are, especially in the United States where debt runs rampant. Mostly, it’s young people who are deep in debt because they graduate from college with massive student loans. And there’s a disturbing trend of buying things people can’t afford just to impress other people. As if this weren't nerve-racking enough: 6 members of the Walton family, who own the Walmart fortune, are wealthier than 30% of Americans today. That means that these 6 people have more money between them than all the money combined of approximately 94.2 million people in the US today. 11. Why Green? In 1861 the federal government began issuing paper money to help finance the American Civil War. These new bills became known as greenbacks because the back side was printed in green ink. It was a way to prevent people with cameras from counterfeiting black and white bills. In 1929 it was made official. Bills would be green! Green pigment was readily available in large quantities and the color was very resistant to chemical and physical changes. People also tend to psychologically identify the color green with the strong and stable credit of the Government. Since then, other colors have been added to US currency to make it more difficult to counterfeit. 10. Only 8% of the world’s currency is actual physical money. Our world is becoming more and more digital by the day. Only 8% of all money around the world is actual physical cash. The rest is digital money that exists only on computers. Money is only a representation of value so it’s easy for money to be nothing but a series of ones and zeroes, used online or transferred via online accounts. How often have you bought something on Amazon and never actually touched the cash you used in the exchange? This digital existence of currency makes up the vast majority of all money around the world today. 8. 94% of bills are contaminated with bacteria.