Oyin Adedoyin

Oyin Adedoyin, a personal finance reporter at The Wall Street Journal, dives into the controversial decision to phase out the penny. The conversation explores the troubling cost of minting each penny, which exceeds its value. As the Treasury makes this historical shift, they discuss the cultural significance of the penny and the fears it may lead to inflation. Advocates for the penny argue its emotional value and impact on cash transactions, leaving us pondering the future of low denomination coins in our increasingly cashless society.