Super insufficient for growing number of retirees who don't own homes

Elderly homelessness will be growing issue says commissioner.

Fri, 02 Apr 2021

The country has to start preparing for a growing number of people reaching retirement age and not owning a house, the Retirement Commissioner says.The commissioner said the problem will be acute because New Zealand Superannuation was designed on the premise that most people would be living in a mortgage-free home when they retire from work. The Economic Development, Science and Innovation Committee annual review of the Retirement Commissioner (also known as the Commission for Financial Capability) highlights changing pressures on superannu...

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