It’s pretty easy to dismiss coins as an inconvenience these days, probably because lugging around $10 worth of spare change is a total pain in the ass by any measure.
But it turns out our coin carelessness is costing us a helluva lot of collective cash. $39 million per month, to be exact. Per month. That adds up to an overall loss of $466 million in loose change every year.
That’s according to ING, who found that 40 percent of 18 to 34 year olds lose up to $10 worth of loose change each month individually, compared to 36 percent of 35 to 49 year olds.
Blokes are the worse offenders, with 33 percent of them losing up to 10 bucks per month, compared to 26 percent of women. It doesn’t sound like a lot, but that’s up to $120 each year you could be spending on far better shit than, you know, nothing at all.
To absolutely no one’s surprise, one in four respondents said they fucking hate carrying coins around, with one in ten hating it so damn much, they legit just throw it away. Almost everyone (93%) admitted to chucking away 5 cent coins.
And while folks are happy to literally throw money away, ironically, 40 percent said finding money on the street makes them happy.
The research was conducted alongside the launch of ING’s new banking feature, Everyday Round Up, which works like Acorns, but your money goes into a Savings Maximiser account rather than the stock market.
Every time you spend money via card, the amount is rounded up to the nearest dollar, automatically saving the spare change on your behalf. In other words, it’s a digital piggybank without the fucking hassle.
But most importantly, stop throwing out money, you weirdos.