Categories: Business

The man keeps all the change he has received over seven decades in coins and counts the money in 91 years.

word saving inevitably associated with piggy bank which stores the coins that we have left over when paying in cash. Typically these coins are stored so that they can be used later in other payments or directly for savings.

In the USA, for example, a man 91-year-old man has dedicated himself to saving for the last 70 yearsas shown in social network Reddit, his grandson. He placed different types of coins in a glass vase, among which were a 1928 wheat penny, the oldest ever kept by a man.. There were also 77 wheat pennies in circulation between 1928 and 1954, two silver dimes from 1963 to 1964, or one mercury dime since 1942.

In fact, the grandson published the total figure of his grandfather’s savings, which reached 2052.76 dollars, that is, the equivalent of 1887 euros. “70-Year-Old Coin Jar Sorted and Counted: Final Count $2,052.76,” along with coins there were also dollar bills, and other types of objects.

In another image published on the social network, the user showed how a vase with coins remained empty, and everything stored went into a plastic box. The weight of the coins was 152.5 pounds, that is, about 70 kilograms.. To empty the coin jar, the user must ensure that the process lasted 15 minutes. “In the garage, we put the bottle on its side, lift the bottom with a block underneath it, and tilt it to get the coins out.”

The grandson’s publications attracted the attention of many social network users. “This was a fun family activity on a rainy day.– he answered one of them. “Check the quarters and dimes, if they are older than 1965 and/or don’t have visible copper on the edges, keep them,” one advised.

Amount of savings required for retirement

According to a study by IESE Business School, You will need to have about 120,000 euros in savings.. This figure will complement the state pension of €1,000 per month for at least ten years.

Given this situation, financial planning and the ability to save seem necessary to achieve the targets mentioned above. In Spain The retirement age is set at 65 years. if it was quoted at least 38 years of Social Security. This period is deferred until age 66 years and six months if the contribution period is less than 38 years.

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