Consumers See Worn-Out Money as Yucky and Want to Spend It (Canada, dollars)

[freemkt]

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.

[MrRational]

Originally Posted by freemkt

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.

[freemkt]

Originally Posted by MrRational

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.

[Trackwatch]

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.

[C. Maurio]

I got one that said GAY DOLLAR on it. I spent it quickly!

[Ceece]

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.

[Vizio]

Originally Posted by MrRational

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?

[uggabugga]

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.