"US Sets Record with 2022's Surge in $50 Bill Production"

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Source: USA TODAY
"US Sets Record with 2022's Surge in $50 Bill Production"
Photo: USA TODAY
TL;DR Summary

The US Federal Reserve Service has printed a record-breaking number of $50 bills in 2022, totaling over 756 million banknotes, the highest in over 40 years. This increase is driven by Americans carrying more cash during the pandemic and finding it more convenient to save larger bills. The Federal Reserve estimates demand and orders currency from the Bureau of Engraving and Printing, and while cash usage for daily purchases has decreased, Americans still hold more cash than pre-pandemic levels. The superstition surrounding the $50 bill and its association with bad luck is derived from cultural and historical factors rather than concrete evidence.

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