WASHINGTON — New independent poll results from Luntz Global confirm Americans’ overwhelming preference for the dollar bill over the dollar coin, their disapproval of legislation seeking to abandon the greenback, and urging for Congress to focus on finding real solutions to the country’s debt problems.
The poll reported 83% of Americans favored keeping the dollar bill over the dollar coin (800 Americans nationwide were surveyed), according to a press release from the ad hoc group Americans for George. Convenience and national pride were among the reasons people preferred the dollar bill, with 97% of respondents saying the bill was more convenient for them to use than a coin.
The survey also found that a majority of Americans, 64%, do not support legislation, such as the Currency Optimization, Innovation and National Savings (COINS) Act, to switch from the dollar bill to the dollar coin and view it as an impractical proposal to cut government spending.
In a report issued earlier this year, the Government Accountability Office (GAO) estimated that replacing the dollar bill with the dollar coin would provide a net benefit to the government of approximately $5.5 billion over 30 years.