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The End of the Penny: Impact on Shoppers, Retailers, and States

1 min read
Source: Axios
The End of the Penny: Impact on Shoppers, Retailers, and States
Photo: Axios
TL;DR

The U.S. penny shortage, accelerated by the end of penny production, is causing widespread retail disruptions, increased operational costs, and legal challenges due to rounding issues, especially during the busy holiday shopping season, with significant impacts on low-income and older Americans. Retailers are adapting by posting signs, retraining staff, and implementing tech fixes, but the lack of federal rounding rules risks legal and compliance problems.

Topics:businesseconomy#cashless-payments#economy#federal-regulations#penny-shortage#retail-impact#rounding-costs
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  1. Why the growing penny shortage is confusing shoppers — and straining retailers  Axios
  2. With the penny going away, what should you do with the ones in your coin jar?  USA Today
  3. Death of the penny could cost Ohioans who pay in cash  Cleveland.com
  4. Santa Barbara’s Lucky Penny Finds Added Value in Its Design with Coin Phase-Out  Noozhawk
  5. Penny for your thoughts? Not anymore. How the lowly penny’s retirement impacts Marylanders  Maryland Matters

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