Most folks are aware that financial institutions are required to report all cash transactions that exceed $10,000.

What they may not be aware of is that this amount has never been adjusted for inflation since it went into effect in 1970.

At that time, the median annual income was around $9,400, so the requirement was only for cash transactions that were more than most people made in an entire year.

If the amount had been adjusted for inflation, financial institutions would only have to report on cash transactions exceeding $68,000 today.