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14 Jul 2025 14:08
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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
     14 Jul: The Education Minister wants to build our numbers of overseas students
     14 Jul: Bullying, unmet special needs education, and system pressure appear to be some of the likely causes of a rise in homeschooling rates
     14 Jul: Attempts to patch up what's being described as our broken energy market, don't yet stretch far enough
     13 Jul: Why top Trump officials are fighting over an Epstein document they say does not exist
     13 Jul: Belief the Government needs to step up, and make urgent changes to the energy market
     13 Jul: The Prime Minister is being warned soaring power prices are leaving Kiwis to make difficult decisions this winter
     12 Jul: The conference industry's looking to hire more staff, to keep up with an influx of events
     Top Stories

    RUGBY RUGBY
    The Black Sox will face Venezuela in the men's softball World Cup final in Canada, after beating Japan 8-3 in the Super Round More...

    BUSINESS BUSINESS
    Retail spending's risen in June, as Kiwis fork out for a winter wardrobe More...


     Today's News

    		 Law and Order:
    Could Malachi Subecz 's murder have been prevented by mandatory reporting? 14:07

     Entertainment:
    Noel Gallagher is reportedly set to donate a "large" sum of his takings from the Oasis Live '25 Tour to Teenage Cancer Trust 13:40

     Law and Order:
    Gisèle Pelicot named a Knight of France's Legion of Honour for courage during mass rape trial 13:37

     Business:
    Retail spending's risen in June, as Kiwis fork out for a winter wardrobe 13:27

     Entertainment:
    Conner Smith has been issued a misdemeanour state citation over a fatal accident last month 13:10

     Rugby League:
    An aggressive strategy has helped mountain biker Sammie Maxwell extend her lead in the cross-country World Cup standings 13:07

     Softball:
    The Black Sox admit mistakes have cost them an eighth Softball World Cup title in Canada 12:57

     Business:
    The Education Minister wants to build our numbers of overseas students 12:57

     Entertainment:
    Jennifer Aniston is reportedly dating Jim Curtis 12:40

     Motorsports:
    Jannik Sinner has beaten Carlos Alcaraz across four sets in the Wimbledon tennis singles final 12:27

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