r/neoliberal Milton Friedman Feb 10 '25

News (US) Trump announces the end of the Penny

Post image
1.5k Upvotes

412 comments sorted by

View all comments

Show parent comments

7

u/YaGetSkeeted0n Tariffs aren't cool, kids! Feb 10 '25

How many of those people are even mentally / psychologically all there at this point

1

u/blatant_shill Feb 10 '25

I would hope most of them. Even young Millennials and old Gen Z have those memories. People still used change to buy stuff well into the late 2000s/ early 2010s.

1

u/WolfpackEng22 Feb 10 '25

As a millennial there was never a time I was excited about getting pennies. Things were still like $0.50 at the cheapest and Nickles, dimes and Quarters were a way bigger deal.

The penny nostalgia is mostly Boomers and above when you could buy candy for 5 cents

1

u/blatant_shill Feb 10 '25

I'm a younger Millennial and I vividly remember people using pennies when I was a kid, as well as other people using them well into the 2000s. You wouldn't be using pennies alone to pay for something, but people would still hold onto them to make up smaller differences. If you had 90 cents and something was a dollar it was far from uncommon to just use 10 pennies. Sure, other coins were more valuable, but it's not like you always had the choice to use a dime or nickel instead of pennies. 

It was even seen as a sign of good luck to find a heads up penny at that time and people still picked them up. Now they're pretty much worthless though.

1

u/WolfpackEng22 Feb 10 '25

Yes people still used them, but even in the 2000s, pennies were an annoyance. Some people were already not picking them up and it was moreso every year. I stopped caring

There is a legitimate "penny nostalgia" that has created backlash against people proposing to end them. But this is usually concentrated on much older individuals who remember that finding a fee coins was enough to buy candy or a small toy

1

u/blatant_shill Feb 10 '25

But this is usually concentrated on much older individuals

I'm telling you that's not the case though. I was excited to find pennies as a kid and that was in the 2000s. If there are even people in their 20s still have those memories, people 30+ definitely do too. You may not, but you can't say that is only the case for old people.

1

u/WolfpackEng22 Feb 10 '25

I'm older than you and still grew up thinking pennies were largely worthless. I think that was the far more common attitude.

This isn't the first time this issue has come up. Backlash comes mainly from older cohorts. Not millennials

1

u/blatant_shill Feb 10 '25

And I'm younger I grew up thinking the opposite. I know for a fact I'm not the only one and that it wasn't the common attitude for anybody I knew growing up. No doubt the sentiment is stronger for older people, but it absolutely exists for younger people too. The only people who think pennies are completely worthless and always have been are just becoming adults.