The Lifespan of a Dollar

"The Lifespan of a Dollar" refers to how long a dollar bill remains in circulation before being retired or destroyed. On average, a paper dollar lasts about 5 to 15 years, depending on factors like usage, handling, and wear. Cash quickly changes hands—banknotes in busy areas tend to wear out faster than those in less active regions. When a note becomes too worn or damaged, the Federal Reserve retires it and replaces it with new bills. This process ensures the currency remains clean, functional, and recognizable for users.