Australia will be cashless in FIVE years: Here's what you need to know
A cashless future is inevitable: And it's not just me saying it. The percentage of cash transactions in Australia is down to the single digits. So what does phasing out cash look like for Prime Timers? And how do we ensure no one is left behind in the transition? In this episode - I get TWO views. One from Kylie Hall, QLD Regional Manager at the Commonwealth Bank, and another from economist and cash futurist, Professor Richard Holden. We address the biggest fears, concerns and MYTHS surrounding digital currency including: What happens in a natural disaster? Transaction fees and charges Scams & prevention Busting cash myths “It seems cheap to use cash… but its really not!” You can find Prof. Richard Holden's book "Money in the Twenty-First Century: Cheap, Mobile, and Digital” at all leading retailers. Follow us on social media and via email Get in touch with Bec here: Bec@primetimers.net You can find the podcast: @Primetimepod on Instagram @Primetime_podcast on Facebook Sign up for the Primetimers Newsletter at www.primetimers.net - Get our newsletter with detailed podcast notes sent directly to your inbox every week plus all our helpful articles and updates. Or follow and learn more about Bec Wilson @becwilsonepic on Facebook @epicretirement on Instagram Or read her syndicated column in Nine Newspapers (The Sydney Morning Herald and The Age) each week here Nearing retirement? Join the Retirement Dreaming: Epic Retirement Facebook Group Sign up for the Epic Retirement weekly newsletter at epicretirement.net Get Bec Wilson’s bestselling book How to Have an Epic Retirement to learn about the six pillars of an epic retirement as you approach and prepare for your future retirement years. Now available - order here Visit Bec’s website at epicretirement.com.au to learn more about her work. See omnystudio.com/listener for privacy information.