Better-off age pensioners have incentives to hoard cash

By John Collett
Updated December 16 2016 - 11:08am, first published November 23 2016 - 12:15am
Pension changes may encourage  retirees to hide cash. Photo: Warren Hackshall
Pension changes may encourage retirees to hide cash. Photo: Warren Hackshall

It is sometimes speculated that one of the reasons for there being so few $100 notes in circulation is that retirees are hoarding cash at home to maximise the age pension.

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