Kids KiwiSaver mooted to invest in children's future

Kids KiwiSaver mooted to invest in children's future
New Zealand has a chronically poor savings record. (Image: Getty)
Andy Macdonald
A just proposed cradle-to-adulthood savings programme could accumulate up to $18 billion in total in 18 years, helping address New Zealand’s poor cash-squirrelling record.Max Rashbrooke, a researcher at the think tank Institute for Democratic and Economic Analysis (Idea), has mooted a Kids KiwiSaver scheme.Such a scheme, which follows NZ First leader Winston Peters taking the vanguard on wider KiwiSaver issues in September, would enrol all New Zealand children in KiwiSaver at birth.Each account would receive a government kick-start paymen...

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