America's most misunderstood dollar

Contrary to popular belief, the $2 bill is still in circulation today

However, it is far less common than other bills. Usage of the $2 bill has been in decline for decades, but the US Treasury hasn’t retired the bill yet. A podcast episode from the Fed’s educational program explains why the Treasury doesn’t print new $2 bills every year, and why they're still considered legal tender.

Some argue that the $2 bill could be more useful than the $1 bill

Inflation has made purchasing items with just a $1 bill extremely rare. At a time when dollar stores are no longer true to their name, it seems that the $2 note may be the more practical small bill to keep on hand. This article advocates for the use of $2 bills, while detailing their history of being overlooked and the communities that swear by them.

The $1 bill hasn’t been redesigned in over 60 years

From a counterfeiting and forgery perspective, this makes the $1 bill one of the least secure American banknotes. In this video, the Wall Street Journal sits down with a leading currency expert to explore the techniques used to keep cash safe and figure out what's going on with the $1 bill.

Dive into the fascinating journey of a Federal Reserve note

Ever wondered how long an individual dollar bill lasts? After cash is designed and produced, money circulates in the economy, with $100 bills staying in use for the longest on average—roughly 15 years—and the $10 lasting just less than five.

Each design detail on the US $1 bill has significance

The eye in the triangle floating above the pyramid, for instance, is “the Eye of Providence watching over and ensuring the endurance of the structure of the American government.” This article details every design choice’s significance on the dollar—and a few conspiracies around these choices as well.

The US dollar is the most popular note to counterfeit

Counterfeit operations are often controlled by rogue governments, drug cartels, and more. These organized crime rings often sell counterfeit bills wholesale, for anywhere between 40 and 70 cents per dollar.

The US once had a $100K bill

There are currently seven denominations of paper money, with the highest value reaching $100. But there used to be more that have since been discontinued, including bills that sported the faces of President William McKinley and President James Madison.

The dollar’s value stems from public trust and demand

In simple terms, a dollar bill’s value relies on two elements: that people believe it will be accepted in exchange for goods and services, and how much demand for the currency there is.

The US dollar is the most widely circulated currency in the world, and is involved in nearly 90% of global transactions

33% of Americans say they don’t know very much about what the Fed does

While most Americans grasp the central bank’s impact on curbing inflation, they don’t know that the Fed is tasked with what is called a “dual mandate” to provide price stability and maximum employment. Furthermore, few understand the Fed is independent—it does not answer to Congress or the US president.

The case against the penny

It takes roughly three cents to produce a single penny, with an annual price tag of nearly $100M. The ubiquitous copper coin is scarcely used, ending up in jars or lost in couches, necessitating even more replacement coins, perpetuating a vicious circle. Studies suggest eliminating the coin would not cost consumers money. See a quick overview of the problem here.

The US developed a coin circulation problem in 2020

As people reduced the frequency with which they paid for things in cash and change during the COVID-19 pandemic, opting for tap-to-pay systems or online shopping instead, the number of coins in circulation decreased. Those who did make cash purchases were more likely to keep their change at home rather than use it on a subsequent purchase.

Why Americans don’t talk about money

In the United States, asking someone how much money they make (or any questions about money, really) has long been considered rude. But where did this social norm come from originally? And why do Americans still feel so awkward talking about money? This article from The Atlantic takes a deep dive into the socioeconomic forces that created the money taboo. Read the full piece here.

Some coin denominations have ridges etched on their sides, partly to prevent counterfeiting, in a practice called 'reeding.'

The idea for the Federal Reserve was conceived in secret in 1910—with bankers donning duck hunt gear for disguise while traveling to a remote country club on Georgia's Jekyll Island

America's most underrated places to visit

The United States is vast, with beautiful and fascinating cultural hubs, landmarks, and natural wonders to fill a lifetime of travel. These landmarks can be well-known and top everyone's bucket list, or they can fly under-the-radar. Here's a list of...

Few actual Stamp Act stamps survived, as colonists destroyed nearly all of them in protest

The elaborate stamp bore royal symbols and the word "America" and was printed in Britain and shipped to the colonies to be sold by government officials. Protests erupted in nearly every colony before it could take effect, often violently targeting stamp collectors.

Debunking myths about the American Revolution

The history of the American Revolution and the establishment of democracy are proudly taught in the US, but a number of incorrect details continue to be circulated. This article debunks some of the myths that persist in the public consciousness, like the idea that the war was solely driven by taxes or that Paul Revere was the only rider warning the rebels about the British.

The original copy of the Declaration of Independence is not a pristine document, and even features a smudged anonymous handprint in the bottom left corner.

About one dollar in every six that are owed to the federal government aren't paid each year

That adds up to close to $1T in what's known as the "tax gap." Read a breakdown on the main drivers of tax evasion (distinct from legal tax avoidance) in the US.

Americans think they need $1.46M to retire comfortably in 2026

That's far less than what many Americans have saved. While the median retirement savings for those ages 65 to 74 is $200K, the mean is about $609K.

US consumers collectively owe more than $1T to credit card companies—almost as much as they owe in auto loans.

Over one-third of Americans have lost money on a gift card

They've done so by letting it expire (20%), losing the card (17%), or due to a retailer going out of business before they could redeem a card (12%). That's according to The Wall Street Journal, which cited Bankrate research from 2024. This article explains how to maximize your gift card's value.

Making sense of the complex logistics of product returns

Americans returned over $800B worth of stuff in 2022, more than the entire gross domestic product of some nations. This entertaining, in-depth video dives into the complex logistics of the reverse supply chain and how it works. Estimates peg the...

Why are books released in hardcover and paperback?

Publishers regularly release books in hardcover only to rerelease them in paperback a year later. It's a strategy that might seem counterintuitive. Why spend so much time on two separate releases? And why spend so much money on two individual products? This Reader's Digest article goes behind the scenes in the publishing industry to answer these questions and others, offering insight into the intricacies of a complicated business.

Andrew Jackson was the first and only president to eliminate the national debt

After Jackson slashed spending and began selling federal land, the government was accumulating more money than it was spending. The situation was unprecedented, but it didn’t last. Too much money was being printed and land prices rose to unsustainable levels. Within a year, the economy tumbled into a depression.

Springsteen says 'Born in the USA' is his 'most misunderstood' song

In 1984, Ronald Reagan was running for reelection and referenced Springsteen at a New Jersey event, saying, "America's future rests in the message of hope in the songs of a man so many young Americans admire — New Jersey's own, Bruce Springsteen." Days later, Springsteen would make his opposition to Reagan clear at a Pittsburgh show. Years later, he'd call the song "one of my greatest and most misunderstood pieces of music."

Warren Buffett plays about 12 hours of bridge a week with Bill Gates

Known for being one of the most frugal billionaires alive, Buffett never spends more than $3.17 on breakfast (opting for either McDonald’s or Oreos). He also has New York Times front pages detailing horrible days on Wall Street hanging on his walls.

The Bill of Rights spent more than a century largely ignored by the courts

When ratified in 1791, the Bill of Rights applied only to the federal government, which exercised little direct control over daily life. It played a limited role in early constitutional law until the 20th century, when legal advocates began using it to challenge state and local laws.

22 fascinating discoveries of massive gold coin hoards

The gallery highlights major gold coin treasures from ancient to modern times, from the Saddle Ridge hoard in California in the 1800s (now worth $10M) to finds in Baltimore, Kentucky, and more. Each discovery reveals something about the period, with some buried and others left in vaults.

Explore fun facts from the USPS, including unique post office buildings, a stamp that traveled past Pluto, and more.

The Mona Lisa's celebrity status and repeated restorations have obscured what made the painting so revolutionary for its time

Despite being favored by 87% of Americans, Congress does not have term limits.

Discover the catastrophic consequences of a failure of the US electrical grid—something that is more likely than many Americans think.

A century of Billboard issues documenting the evolution of popular music.

The Beatles' US label rejected the band's first two singles, 'Please Please Me' and 'From Me to You,' with one executive calling the band 'dead in the water.'

For centuries, it was common to sleep in two shifts: a few hours at the beginning of the night, and a longer period beginning around midnight

Up to a million Girl Scouts sell about 200 million cookie boxes every spring, generating $800 million, largely because refusing a child is frowned upon

Exploring the Larry Bird punch that almost changed March Madness

How the most famous Ebola book, The Hot Zone, which sold 3.5 million copies and was translated into 30 languages, got aspects of the disease so wrong.

Frank Lloyd Wright's houses are historically hard to sell because they're old, subject to local landmark commissions, and often unfashionable

Dozens of S&P 500 stocks, including Coca-Cola and Walmart—known as the dividend aristocrats—have increased dividends every year for 25 years

Netflix profits when you're not watching, and its movies are designed that way—read a detail-rich critical essay exposing lesser-known Netflix takes

The price of gas is a composite made up of several different factors, with the federal gas tax making up less than 20% of what drivers pay at the pump.

While atoms are normally made of protons, neutrons, and electrons, exotic ones have been built with antimatter—alternate versions of normal matter that live for fractions of a second and are about a billion times as rare.

The most expensive ad of all time was for Chanel No. 5 perfume and cost roughly $33M to produce in 2004—about $57M in today's dollars.

The American cockroach is actually from Africa, an apparent hitchhiker aboard ships carrying enslaved people, with evidence suggesting the bug may have arrived in the New World as early as the 1600s.

In 2009, the nation was gripped by the story of a missing young boy who was believed to be floating over Colorado in a homemade balloon, until it was revealed that he was at home the whole time.

Lesser-known phobias include turophobia, or the fear of cheese, and nomophobia, the fear of being without your cell phone.

All rainbows are 'raincircles' caused by water droplets separating white sunlight into a spectrum of colors, but Earth's surface blocks the bottom half of the circle from our line of sight.