Money makes the world go round, or so the saying goes. From the coins in our pockets to the digits in our bank accounts, money plays a central role in our daily lives. But how much do you really know about the world of money beyond its obvious uses? In this article, we’ll uncover 25 intriguing facts about money that will make you rethink your understanding of this ubiquitous yet enigmatic entity. From historical anecdotes to mind-blowing statistics, get ready to be enlightened, entertained, and maybe even a little bit surprised. So let’s dive into the fascinating world of money and unlock its secrets!
1-5 Psychological Facts About Money
1. A psychology study conducted in 2018 found that millionaires who earned their wealth are moderately happier than those who inherited it.
2. A study found that spending money on others brings more happiness than spending it on yourself.
3. According to studies, the key to happiness lies in spending money on experiences rather than possessions. It suggests that memories and meaningful experiences, such as travel, concerts, or hobbies, can contribute more to our well-being and satisfaction than material possessions.
4. Research indicates that arguments over money are the most significant predictor of divorce.
5. The International Space Station, a marvel of modern engineering and exploration, is also the most expensive object ever built, costing a staggering US$150 billion. Highlighting the immense cost and investment required for space exploration and scientific research beyond our planet.
6-10 Surprising Facts About Money
6. Surprisingly, 70% of millionaires surveyed do not consider themselves as “wealthy.”
7. Technology giant Apple’s earnings are equally astounding, with the company estimated to earn around US$300,000 per minute!
8. In 2015, Apple Inc. was valued higher than the economies of Switzerland, Sweden, and Nigeria.
9. According to a World Bank estimate, approximately $1.5 trillion is paid in bribes worldwide each year.
10. Drug lord Pablo Escobar had such an immense amount of cash that rats would eat nearly $1 billion of his money each year.
11-15 Interesting Facts About Money
11. Before World War II, tea bricks were used as currency in Siberia.
12. Surprisingly, if you have just US$10 in your pocket and no debts, you are wealthier than a quarter of Americans!
13. Americans spend more on their pets annually than Germany’s entire defense budget.
14. If the entire world’s wealth of $75 trillion was distributed evenly among all people, each person would have less than $11,000.
15. In New York City, if you die with no money or home, you will be buried in a mass grave on Hart Island by prisoners. The graves can hold up to 1,000 children or 50 adults per plot.
16-20 Shocking Facts About Money
16. In the U.S., two-thirds of inherited family fortunes are lost by the second generation, according to a study.
17. Did you know that in the 17th century, 1 in every 10 British coins was forged? Isaac Newton stepped in and oversaw a project to recall the old currency and issue a new, more reliable one.
Read more: 15 Mind-Blowing Facts about Isaac Newton
18. The top 100 richest-individuals in the world in 2012 made enough money to eliminate global poverty four times over.
19. U.S. law prohibits the use of living people’s images on currency; only deceased individuals may appear on it.
20. A study found that thinking about money increases determination and focus but reduces sensitivity towards the needs and feelings of others.
21-25 Insane Facts About Money
21. The first Bitcoin transaction involved the purchase of a pizza for 10,000 Bitcoins, which later grew in value to over US$12 million.
22. Approximately $2 billion in lottery prizes go unclaimed in the U.S. every year.
23. Americans discard approximately $62 million worth of coins annually.
24. A 2013 study discovered that men who prefer larger breasts tend to be less financially secure.
25. Reggae legend Bob Marley’s final words were “Money can’t buy life.”
That’s it for this post guys, I hope you had fun while reading 25 Interesting Money Facts
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