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25 Jun 2025 6:33
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      Home > News > Politics

    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 Politics News
     25 Jun: Proposed amendments to the Overseas Investment Bill have passed their first reading in Parliament
     24 Jun: Advice for tenants before Healthy Homes standards kick in
     24 Jun: New Zealand First is drafting a single Ngapuhi Treaty of Waitangi settlement claim
     23 Jun: The Immigration Minister says the first proper data will be collected on the value overseas investors bring to New Zealand
     23 Jun: The Acting Prime Minister's pushing back on criticism New Zealand's sitting on the fence when it comes on the conflict in the Middle East
     22 Jun: A signal people want more action to keep insurance affordable in the face of climate change
     22 Jun: Iran's powers have long battled for supremacy, but they have the same 'red lines' on nuclear
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    No choice for the Maori All Blacks to hit the ground running More...

    BUSINESS BUSINESS
    Proposed amendments to the Overseas Investment Bill have passed their first reading in Parliament More...


     Today's News

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