Posts Tagged ‘Retired’

Wealth tax and negative interest hit retired and poor Comments 0

Thursday, September 24th, 2020
retired and poor

Retired and poor New Zealanders are most likely to feel the impact of negative interest rates. Increased inequality and a worsening of the wealth gap are likely outcomes of the Official Cash Rate (OCR) falling below zero, warn ASB economists. The ASB warns that from a longer-term perspective zero interest rates could actually create wider Read more