Older Australians too cautious about their finances, says Productivity Commission

By Peter Martin
Updated December 1 2015 - 4:18pm, first published 7:52am
The Productivity Commission has found older Australians are "too cautious" with their money. Photo: Michelle Mossop
The Productivity Commission has found older Australians are "too cautious" with their money. Photo: Michelle Mossop

There's such a thing as too much caution. Older Australians could enjoy far higher standards of living and could cut their reliance on the aged pension if they just ate into just a portion of the $1 trillion tied up in their homes, a new Productivity Commission study has found.