The penny is useless. Today I am going to give you some reasons why the penny is useless and is hurting the economy. First, the penny is going backward. It actually costs more money to make a penny than the penny is actually worth. The penny costs about one point eight cents to make one cent. So we are losing money on the penny. Also, it is a time waster studies have shown that when someone has to pay with pennies at the register they waste an acreage of 2.5 seconds at the register than fourteen minutes in the year. Not to mention the people behind you still waiting to pay for the groceries. 

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