Tag: cashless society

Hoarding cash in a cashless society

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Australians have been hoarding cash, particularly through the first year of Covid-19, despite forecasts that we will be a 98% cashless society by 2024. Even if this prediction from global payments giant FIS comes to pass, some 540,000 Australians will still prefer to use cash. You may recall a flurry of news stories on this topic in March. The research commented on the effect of a de facto ban on cash during the first year…

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Taking An Interest In Recessionary Economics

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The end of financial year meeting of the Basil and Sybil Cheeseparer Superannuation Fund was going well until the Trustees (a) found that their investment strategy was out of sync with reality and (b) failed to find a fixed interest investment that would return more than 2.50% over five years. “We should stick it under the mattress,” said Sybil. “Your side or mine?” quipped Basil. As you should know, even if economics is not your…

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