Money has its place in our lives and it will continue to exist in our future. People used different types of money during history. We cannot even imagine our life without money. Here are some facts about money and its management which will surprise you.
Do you know that…?
According to CreditLoan the typical American takes on debt(s). Still, in high school, they have car loans and credit cards. Nowadays the average American adult has 13 outstanding credit obligations at any one time.
Lots of people try to keep their healthy diet but there are many people whose spending on fast food continues to grow. Now Americans spend 110 billion dollars annually on fast food. On average, people who use a charge card to pay to spend about 50 percent more when they pay in cash according to a study by https://www.bankrate.com/.
The average amount of a new car loan is more than 30.000 dollars. It has increased by 40 percent over the past 10 years. The loans are six years longer than now.
According to an Employee Benefit Research Institute survey, only 14 percent of Americans are “confident” that they have enough money to live comfortably. 56 percent of workers had never calculated how much they would need to live comfortably.
Over a lifetime you can save 112.000 dollars by bringing your lunch to work. If you are not in a good financial situation you can reduce expenditures like this and improve your situation.
Paper Money
U.S. paper money is not paper at all. It’s 75 percent cotton and 25 percent linen. According to www.britannica.com having 1 dollar in a pocket means that the person carries cocaine. In 2009, a team led by researcher Yuengang Zuo discovered that 90 percent of the money in the US has cocaine residue on it. So 95 percent of Washington, D. C. carry cocaine. The US carries the highest average amounts of cocaine in 5 countries.
The inks of the cash are composed of organic pigments, inorganic pigments, varnishes, alkyds, and dryer agents. Infrared inks cannot be detected by the naked eye.