Rouses Markets to Phase Out Pennies, Round up Cash Change in Customers’ Favor

Rouses announces plan to round cash change as US halts production of the penny

Louisiana grocery chain Rouses Markets announced plans Thursday to institute a cash change rounding policy as the federal government phases out production of the penny.

Have you seen the 'penny phase-out' signs at McDonald's?

The U.S. Mint is already slowing down the issuance of pennies, according to Dr. Patrick Crowley, a professor of economics at Texas A&M University-Corpus Christi. This gradual discontinuation is creating what economists are calling a "round-up tax" that could impact shoppers' wallets."Already economists are calling this the 'round-up tax,'" Dr. Crowley said. Have you seen the 'penny phase-out' signs at McDonald's?The phase-out comes down to simpl…

Rouses Markets to phase out pennies, round up cash change in customers’ favor

Rouses says goodbye to the penny — and promises customers will come out ahead

Rouses is Phasing Out Pennies and Shoppers Actually Come Out Ahead

Rouses Markets says it will begin phasing out pennies once each store’s supply runs out, switching to a rounding policy that favors customers on cash change. Continue reading…