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Rupert Carlyon: Kōura Wealth founder says New Zealand can't afford a retirement age of 67, let alone 65
Manage episode 364792424 series 2098282
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The retirement age debate is a talking point in this year's election- but one KiwiSaver provider founder says the discussion is useless.
National and ACT claim they will increase retirement age to 67 to increase contributions to the NZ Super Fund, and Labour confirmed it will stay at 65 under their Government.
Kōura Wealth founder Rupert Carlyon says neither option is an affordable one for New Zealand.
"Under both proposals, the cost of NZ Super grows from about 4.5 percent of GDP up to 7.5. And frankly, I don't think as a country, we can afford either of those options."
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