[Answer] What is the average lifespan of a $1 bill?

Step 1 : Introduction to the question "What is the average lifespan of a $1 bill?"

...1. 2.3 years 2. 5.8 years 3. 8.8 years 4. 11.3 years

Step 2 : Answer to the question "What is the average lifespan of a $1 bill?"

5.8 years - It may seem as though the lifespan of a $1 bill — 5.8 years — is painfully short given how often it passes hands. But the almost six years that singles make it out in the world is a sizable jump from the 1990s when that figure stood at a mere 18 months. Their increased lifespan does not come from them eating better and exercising more. Rather, the processing equipment that the Federal Reserve uses to determine whether bills should remain in circulation has become more sophisticated. Up until 2011, this equipment designated any bills that were reverse-side up as unfit for continued use, causing large numbers of good quality singles to be destroyed before their time. What about the other bills? $100 bills have the longest lifespans at 15 years, followed by $50 bills at 8.5, and $20 bills at 7.9, so value seems to play a role in determining how much damage legal tender endures. The briefest average lifespan, though, belongs to $10 bills at 4.5 years, followed by 5.5 years for $5 bills:

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