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 circulation 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.