Most Popular Bill In America: The Hundred Dollar
(New York, NY) -- The number of hundred-dollar bills has more than doubled between 2012 and 2022, which is faster growth than any other denomination. According to Federal Reserve data, 60-percent of all payments are made with debit or credit cards, despite there being more 100-dollar bills in circulations than there are one-dollar bills. One reason is they enter circulation far quicker than they leave. Hundreds can last over a decade longer than ones-and-fives, partly because people are more likely to hold than spend them. Research shows people are less willing to purchase items when they are given a 100-dollar bill compared with five twenties. Economists have also called for slowing down the printing of hundreds, due to their use in illicit activity.