Personal Finance

3819 readers

3 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

nieceandtows@programming.dev

nieceandtows@lemmy.ml

WandererLagomorph799@lemmy.ml

-7

should the US consider a currency redenomination? (lemmy.zip)

submitted 10 months ago by shortwavesurfer@lemmy.zip to c/personalfinance@lemmy.ml

40 comments fedilink hide all child comments

Prices of things are becoming absolutely insane. $800+ rent, $30,000 cars, $10 sub sandwiches, etc. It would be nice to do a 3/1 split and cut everything by 2/3. Then we would have $266 rent, $10,000 cars, and $3.33 sub sandwiches. Wages, debts, everything would drop to 1/3 what they are now. It would also make coins useful again since a vending machine soda would be 2 quarters again.

you are viewing a single comment's thread
view the rest of the comments

[–] cali_ash@lemmy.wtf 1 points 10 months ago* (last edited 10 months ago)

That is an unimaginable sum. What even is 33 trillion dollars?

How is 11 trillion any better?

If you want to actually bring that to a number people can grasp than small amounts would become impractically small. Like you would need to deal with 0.000001 and 0.0000001 dollars and stuff.