Cameron Bagrie: independent economist on whether New Zealand's Superannuation needs to be reformed
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
An economist says New Zealand needs to have a tough conversation about superannuation.
Finance Minister Nicola Willis yesterday told Newstalk ZB the scheme needs to become sustainable and a debate about age eligibility will be needed eventually.
Bagrie Economics says raising the age makes sense, with the average life expectancy up a lot.
Cameron Bagrie says we can't keep kicking the can down the road.
"More than 50 percent of all welfare spending is going towards New Zealand's Superannuation - and some people need that money, but there's a chunk of society that I don't think need that money and they're double dipping."
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