if all U.S. dollars were gathered together and given evenly to every American citizen, how much would each person receive?hmm..see this

To fully explore this interesting question, we need to precisely define what is meant by U.S. Dollars. In economics, money is classified into several categories starting with the most liquid and moving to more illiquid assets.

M0 is the term used to describe all physical currency (this would be coins and dollar notes). U.S. M0 is currently equal to about $1.4 trillion dollars. This comes out to be about $4,400 for each of the 320 million citizens of the United States. A nice vacation.

M1 includes M0 as well as demand deposits and checking accounts. This class encompasses accounts that can be immediately converted to cash. M1 is estimated at $3.2 trillion in early July of this year meaning each citizen would receive $10,000. A year’s supply of lobster.

M2 is M1 plus savings deposits, money funds, and other funds that are can be quickly converted to cash. M2 is $12.8 trillion as of may 2016, this would be $40,000 for each citizen. A down payment on a really nice house.

This last one is probably not strictly relevant. But just for fun: if the entire net worth of the United States, approximately $86.8 trillion, where divided among its citizens, each would receive a sizable $271,000 lump sum. Enough for everyone to have a brand new Ferrari 488! However I wouldn’t recommend everyone buy one, as all U.S. infrastructure and material wealth would be traded for several hundred million impractical and no-longer-unique motor vehicles.

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