Oyin Adedoyin

speaker

1,572 appearances 36 recordings 1 series first heard Mar 2023 last heard Feb 2025

Oyin Adedoyin’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Up to $68 Million in Coins Winds Up in the Trash Every Year · 19 Apr 2024 podcast

They're left at TSA checkpoints. matched

They're just kind of forgotten about, left in your car maybe. matched

And on a cleaning day, they're vacuumed up and then they end up in a landfill somewhere. matched

The TSA collects hundreds of thousands of loose change a year. matched

In 2022, for example, they collected $850.71 in loose change that year. matched

Exactly. matched

And they have to put out a report every year saying how much they collected, how much per airport, and what they're going to do with that money. matched

To the average person, it's not a lot of money, right? matched

But then when you accumulate it and do the formula for every single person in the USA, it really adds up. matched

The Federal Reserve estimates that more than half of the coins in the U.S. matched

are sitting in people's homes, like you said. matched

And because these coins are hard to spend, they can circulate slowly through the economy or not even circulate at all. matched

How much money do you think is sitting in your couch cushion right now? matched

People don't have as much of an opportunity to spend them as they did in the past. matched

Mobile payments and credit cards have really made it difficult to spend your coins somewhere like the bus or a laundromat or a toll booth or even a parking meter. matched

All of those things now take credit or debit or a tap from your phone, and that leaves coins pretty useless. matched

They may not be aware of it. matched

And I think that adds to the amount of coins that are sitting in people's homes right now. matched

It's a lot harder than it was in the past to cash in your coins. matched

There are CoinStar kiosks right now. matched

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