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Old 12-01-2012, 01:08 PM
 
33,046 posts, read 21,972,627 times
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People who were given worn-out $20 bills spent 82% more of the money than consumers who were given four crisp $5 bills, reversing the expected "denomination effect," which typically leads people to spend less from larger-denomination bills, say Fabrizio Di Muro of the University of Winnipeg and Theodore Noseworthy of the University of Guelph, both in Canada. People tend to be disgusted by worn bills and want to get rid of them because of presumed contamination from others, the researchers found.

Consumers See Worn-Out Money as Yucky and Want to Spend It - The Daily Stat - November 28, 2012 - Harvard Business Review

YES that's exactly how I feel. Spending those worn bills hastens their demise which is good for all of us, so keep on spending them.
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Old 12-01-2012, 02:56 PM
Status: "On The Lookout" (set 29 days ago)
 
Location: The Triad (NC)
28,404 posts, read 61,862,013 times
Reputation: 31984
Quote:
Originally Posted by freemkt View Post

People who were given worn-out $20 bills spent 82% more of the money than consumers who were given four crisp $5 bills...
Free: you've finally posted something I agree with. Wow.

All the Franklins I keep in the shoebox are nice and crisp.
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Old 12-01-2012, 07:34 PM
 
33,046 posts, read 21,972,627 times
Reputation: 8964
Quote:
Originally Posted by MrRational View Post
Free: you've finally posted something I agree with. Wow.

All the Franklins I keep in the shoebox are nice and crisp.

Although I have to say I rarely see a worn out $20 - I get lots of yucky $1 bills and those I try to unload quickly. My preference is to feed them into the self-scan checkout payment mechanism at the supermarket, which sometimes rejects my offering.
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Old 12-01-2012, 07:42 PM
 
Location: Ohio
3,441 posts, read 5,172,916 times
Reputation: 2667
Where did they do their polling the crazy house? I don't like paper dollars because they are usually so worn out and hard to deal with not because they are "yucky", I like dollar coins better.
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Old 12-01-2012, 07:49 PM
 
1,521 posts, read 1,607,921 times
Reputation: 538
I got one that said GAY DOLLAR on it. I spent it quickly!
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Old 12-01-2012, 08:31 PM
 
Location: California
30,542 posts, read 33,365,250 times
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I like my plastic even better. Don't deal with alot of paper money myself, although I keep some in reserve for small purchases and "just in case" stuff.
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Old 12-01-2012, 08:36 PM
 
19,952 posts, read 13,573,740 times
Reputation: 1973
Quote:
Originally Posted by MrRational View Post
Free: you've finally posted something I agree with. Wow.

All the Franklins I keep in the shoebox are nice and crisp.
Where do you live again?
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Old 12-01-2012, 08:36 PM
 
26,290 posts, read 18,925,481 times
Reputation: 14073
i can see how this could be. i'm more reluctant to part with a crispy fresh 20 than one that looks like its been handled by every person in the state.
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