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10 Jun 2025 16:28
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      Home > News > Business

    Fallout from the cost of living crisis, with record high KiwiSaver hardship withdrawals

    Fallout from the cost of living crisis, with record high KiwiSaver hardship withdrawals


    Inland Revenue figures show more than 44-thousand people withdrew money in the 10 months from last July to this April.

    For the entire past financial year - about 32-thousand withdrew for hardship.

    Public Trust General Corporate Trustee Services Manager, David Callanan, says unemployment is at its highest since in the middle of covid.

    He says there's also the highest level in eight years, of people unable to pay their mortgage.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     10 Jun: A Taupo businessman's heading to trial - charged with rape and trying to bribe his alleged victim
     10 Jun: A boom in the purchasing of businesses is largely being driven by migrants
     10 Jun: Positive signs for Central Otago's horticulture and viticulture sectors
     10 Jun: Auckland home values have taken a hit in council valuations, but some areas bucked the trend
     09 Jun: Jailed businessman Aaron Coupe's been sentenced to another three years and nine months behind bars - for deception
     09 Jun: Briscoe Group has taken The Warehouse Group's place on the NZX 50 - -- the New Zealand stock exchange's benchmark index
     09 Jun: The Reserve Bank has again delayed revelations over its former Governor's departure
     Top Stories

    RUGBY RUGBY
    One of Mark Robinson's old sparring partners from across the Tasman believes he always did what was right for New Zealand Rugby More...

    BUSINESS BUSINESS
    A Taupo businessman's heading to trial - charged with rape and trying to bribe his alleged victim More...


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     International:
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     Rugby:
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     Entertainment:
    Hugh Jackman and Deborra-Lee Furness have begun formally separating their shared assets as their divorce progresses 15:05

     Rugby League:
    Warriors hooker Sam Healey's revealed just how late of a call-up he received to fill in for the injured Wayde Egan against the Sharks - their 10th win of the season 14:56

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     National:
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     Rugby:
    Former All Blacks midfielder Ngani Laumape will bolster the stocks of Moana Pasifika from next year 14:06

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