Reaching $100b in KiwiSaver provokes some interesting reactions

(Image: Getty)

Wed, 06 Sep 2023

KiwiSaver officially clicked over the $100 billion line during the June quarter, according to Reserve Bank of New Zealand figures, which somehow makes the savings regime seem more important than when it languished at the $97.1b recorded at March 31. Such psychological effects are well-studied by academics like this one, who noted in some long-forgotten paper that: “The contemporary press frequently makes mention of, and identifies significance with, specific numerical values in financial markets … these symbolic numbers are of...

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