Study: 28% of Americans Believe the US Dollar is Still Backed By Gold

Category / Gold / Money and Banking / Polls & Research / Survey 2020 Published on

In an age of widespread misinformation, it appears that there is plenty of confusion about what gives the U.S. dollar value. According to our recent study, the Perceptions and Understanding of Money — 2020  28% of Americans believe that the U.S. dollar is backed by gold—as you may know, it’s not.

The revelation that the dollar is not backed by gold may spark a question: what, if not gold, is the dollar backed by? Posed in other terms: what gives the dollar value, exactly?

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Study: Most Americans Don’t Realize Federal Banks Are Not Solely Owned by the Government 

Category / Financial System / Money and Banking / Polls & Research / Survey 2020 Published on

Most Americans may have the general sense that federal entities have some impact on their money, as they surely notice when taxes are withheld from their paycheck. Findings from our recent report, the Perceptions and Understanding of Money — 2020 indicate that knowledge of the U.S. national banking system often does not go much deeper than the “general sense” stage. 

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Study: 60% of Americans Don’t Want to Give Up Their Paper Money

Category / Financial System / Money and Banking / Polls & Research / Survey 2020 Published on

The recent health scare surrounding Covid-19 seems to have accelerated the move towards a cashless society, with cashless payment spiking in concert with viral cases.

Yet, our findings in the study Perceptions and Understanding of Money — 2020 indicate that the significant majority of Americans are not psyched about parting with their paper money on a permanent basis. 

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