New Zealand report warns younger generations about retirement planning based on current spending trends

rnz.co.nz February 4, 2025, 08:00 PM UTC

Massey University released new Retirement Expenditure Guidelines, showing spending patterns for retirees in New Zealand. It estimates that households may need up to $500,000 saved to supplement NZ Super, depending on their lifestyle. The report highlights that current retirees often own their homes outright, which may not be the case for future generations. Only 60% of people own homes today, and this is expected to drop to 48% in 20 years. Experts suggest younger generations should be cautious when planning for retirement based on current spending. They may face higher housing costs and need to save more to maintain a similar lifestyle as today's retirees.


With a significance score of 2.5, this news ranks in the top 28% of today's 16148 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 8000 minimalists.