Will we do anything about the looming superannuation crisis?

New Zealanders have been able to rely on the security of a state pension for decades.

In the 1970s, this scheme kicked in from the age of 60 before steadily rising to 65 in the decades that followed.

But since 2001, the age of eligibility hasn’t moved at all – despite the fact that New Zealanders are living longer and having fewer children.

Is it time to adjust our superannuation age or perhaps change the system to one that takes account of the personal circumstances of the population?   

Today, Sense Partners economist Shamubeel Eaqub walks Damien through the pros and cons of our biggest social welfare scheme.

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Host: Damien Venuto
Producer: Shaun D Wilson
Executive Producer: Ethan Sills

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