Australians throwing away more than $400 million in change

Bring back the piggy bank! A new report from ING shows Australians are tossing out $466 million a year in loose change.

The survey shows millennials were the worst offenders with more than half of people aged between 18 to 34 getting rid of up to $10 a month in coins.

Men are more carefree with their cash than women, but both say they find coins too inconvenient or too bulky to carry around.


More than a quarter of people said they hate carrying around coins like 5 cents which they simply can’t use.

ING Spokesman Tim Newman said more people are turning away from using cash at all.

“Many people are eliminating the inconvenience of cash by turning to contactless payment methods such as mobile pay,” he said.