After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.

Phyllis Resnick, Colorado Futures Center's lead economist, told Newsweek that the loss of the penny will become the "most burdensome on low-income households," pointing to their purchases of ...

"The very likely impact is that ... says killing the penny is not that big of a deal. "I think in the context of everything else that's happening that could affect the economy, it's probably ...

The U.S. last week unveiled its plan to finally phase out the lowly penny. The Treasury Department has placed its last order ...

He's written hundreds of stories breaking down complex financial topics in plainspoken language, emphasizing the impact that ... "Eliminating the Penny in Canada: An Economic Analysis of Penny ...

But that means people at the bottom of the economic ladder will probably ... eliminating the penny could have a positive environmental impact,” he said. Some Americans are reacting to the ...

The penny is under attack ... So what kind of effect might this have on the economy at large? “There will be essentially no impact at all,” says Mark Schweitzer, associate professor of ...

The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.

Here, experts weigh in. The Impact Removing the Penny Can Have On the Economy If the 1-cent coin is no longer used as legal tender, prices will likely adjust to accommodate the nearest 5-cent ...