Financial pressures, including lockdowns and job losses have led to a 43 percent rise in KiwiSaver members withdrawing funds for financial hardship. And an 18.8 percent rise in first-home withdrawals shows more Kiwis are turning to KiwiSaver to help them save for a first home. A KiwiSaver annual report released by the Financial Markets Authority Read more
Posts Tagged ‘New Zealand economy’
New Zealand’s post-Covid inequalities concerning
Thursday, November 5th, 2020
Concerns about New Zealand’s post-Covid inequalities are piling up. There is disquiet that the monetary response to Covid-19 is fuelling inequality by driving up share-markets and house prices. Recent Stat’s NZ data shows high-spending households are benefiting from zero inflation on the mix of products and services they buy. In contrast, price rises are still Read more