weekly blog--one for the ages
Researchers at Harvard's Business School recently issued a paper making the compelling case for stopping the issuance of high denomination notes like the $100 bill, claiming that they provide a "boon to corruption and crime."
I have a better idea. Why not simply replace the portrait of Ben Franklin on the $100 bill with a centenarian to remind people that the face of aging is changing.
Here’s my list of centenarians to consider in age order:
For the record, the $1 bill is the most widely circulated in the U.S. with 11.4 billion in play. The $100 bill is next with 10.8 billion, a large percentage of which are held outside of the U.S. There are 8.6 billion $20 bills with Andrew Jackson’s portrait in circulation. However, Harriet Tubman is now in line to oust the former president from the front side in 2020. And still further down the road in a year yet to be determined, is an electronic payment system that eliminates paper currency altogether.
Meanwhile, there are nearly half a million centenarians living worldwide, more than four times as many as in 1990, according to United Nations. Projections suggest there will be 3.7 million centenarians by 2050. Currently, the U.S. has the greatest number of known centenarians of any nation with 53,364 according to the 2010 Census, or 17.3 per 100,000 people. In 2010, 82.8% of U.S. centenarians were female. Japan has the second-largest number of centenarians, with an estimated 51,376 as of September 2012, and the highest proportion of centenarians at 34.85 per 100,000 people.