President Donald Trump has ordered the Treasury to stop minting pennies because their production cost exceeds their value.

“You can go to your own bank or credit union and not pay any fee,” said Kimberly Palmer, personal finance expert at ...

After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.

"In terms of affecting consumers, does it make a difference ... The U.S. stopping production of new pennies would have little bearing on tips, Bahnsen also said. He also noted existing pennies ...

Paulina Gonzalez-Brito, chief executive officer of the San Francisco-based nonprofit Rise Economy, said the marginalized ...

Pennies are unlikely to become a collectors' item, so consumers can trade them in or use them in more creative ways. The penny is under attack, and its chances of survival are uncertain.

Learn to love your coins. That’s the message from Kevin McColly, CEO of Coinstar, the company behind those coin-cashing machines you see in supermarkets. American consumers made only 16% of ...

Realistically, though, a penny or two added to the cost of an item won’t make a difference in a consumer’s overall financial health. “Any change will be extremely marginal,” Schweitzer says.

A 2022 Pew survey found that two-fifths of consumers never use cash at all. President Donald Trump has ordered the Treasury to stop minting pennies because their production cost exceeds their value.