(07/03/12) -

Two Thirds of Americans Reject Ditching the One-Dollar Bill

Most also disagree with the idea of eliminating the penny and rounding transactions to the nearest nickel.

Few Americans would like to see the $1 dollar bill out of circulation, a new Angus Reid Public Opinion poll has found.

In the online survey of a representative national sample of 1,005 American adults, 69 per cent of respondents oppose replacing the $1 dollar bill with a coin, while just one-in-four (25%) support this idea.

Respondents over the age of 55 (78%), women (73%) and Republicans (also 73%) are more likely to disagree with a move to create a coin that would take the place of the $1 dollar bill.

Some countries are considering or have decided to take their one-cent coins out of circulation.

Across the U.S., more than half of respondents (53%) voice opposition to taking the penny out of circulation in the United States, and rounding transactions to the nearest nickel, while more than a third (37%) would welcome this course of action.

Men are evenly split on the future of the penny in the United States (46% support taking it out of circulation, 46% oppose this notion), while women oppose abolishing the one-cent coin by a 2-to-1 margin (60% to 29%).

Full Report, Detailed Tables and Methodology (PDF)

CONTACT:

Mario Canseco, Vice President, Angus Reid Public Opinion
+877 730 3570
mario.canseco@angus-reid.com

Methodology: From June 4 to June 5, 2012, Angus Reid Public Opinion conducted an online survey among 1,005 randomly selected American adults who are Springboard America panelists. The margin of error—which measures sampling variability—is +/- 3.1%. The results have been statistically weighted according to the most current education, age, gender and region Census data to ensure a sample representative of the entire adult population of the United States. Discrepancies in or between totals are due to rounding.