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Economic research has identified a trend exhibited by one in six Britons of hiding cash in their homes instead of investing it. This is termed

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Economic research has identified a trend exhibited by one in six Britons of hiding cash in their homes instead of investing it. This is termed the "Biscuit Tin Economy." It is estimated that $3.5 billion is currently hidden in homes across the country. While there are various reasons for hiding cash, 6% are doing so to conceal it from their partners and 4% believe their money to be safer at home than in a bank. Researchers maintain that these actions demonstrate economic folly, and that, as a result, Britons are sacrificing up the $174 million in interest every year. This "Biscuit Tin Economy" is betraying those who trust in it, as it renders their hidden money both unproductive and potentially unsafe, whereas it could be profitably invested in stocks or a high-interest savings plan

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Analysis of the Biscuit Tin Economy The Biscuit Tin Economy refers to a trend where individuals particularly in Britain choose to hide cash in their homes rather than investing it or depositing it in ... blur-text-image

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