A fact that astounds me:
There are more $100 bills in circulation today than $1 bills.
Also:
Of the total value of all currency in circulation today, 80 percent are $100 bills.
Admittedly, cash is quickly disappearing as we evolve into a cashless society, so this is skewing things a bit, but the $100 note overtook the $1 note seven years ago and has been outpacing the competition ever since.
Where are all of these $100 bills?
I always have cash on hand, but it’s rarely more than $100, so carrying a stack of Benjamins would not work for me. But where are people even getting these bills? Most ATMs don’t dispense $100 bills, so you either need to be paid in $100 bills or walk into a bank and request them.
Who does that?
Unless, of course, you’re stuffing money under your mattress to avoid a digital trail because you’re conducting illegal business or avoiding taxes.
Oh. look… I think I found my answer.
