- One third of New Zealanders wrongly believe that Superannuation is asset tested
- Since 1998, the number of NZ’ers with a Super Plan has dropped from 23% to 15%
- If you start saving early, you can retire any time you like
- Expect to live 15-20 years in retirement
- Only 16% of Kiwis know what their retirement income will be
- 40% of women aged 65-74 live alone
- Two thirds of retired women are totally dependent on NZ Superannuation
- 41% of NZ’ers plan to travel when they retire
- Each year 1,800 NZ’ers suffer a stroke before they retire
- 16 New Zealanders die every day (1 every 90 minutes) of Coronary Heart Disease
- Over 80% of lung cancer incidence among females result in death
- 1 in 10 men will lose a wife, sister or daughter to breast cancer
Household Debt in New Zealand
NZ Statistics By mid-2006 the outstanding debt
of households had increased around five times in
dollar terms since 1990, more than doubling as a
percentage of households' disposable income.
Weighted average interest rates however had fallen
from over 15% to about 8.5% per annum (over 90%
of household debt is housing debt, at an average
rate of around 8%). Interest servicing of the
increased debt, as a percentage of incomes, was
about a third higher than in 1990. At current levels,
the ratio of household debt to income (excluding
student loans) is similar to those found in Australia,
the UK and USA.
<< Articles < Risk | Work & Kiwisaver >
post a comment
Post Comment