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10 Jun 2025 17:24
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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
     10 Jun: Some economists have called for a radical ‘global wealth tax’ on billionaires. How would that work?
     10 Jun: The Otago Regional Council's admitting further privacy breaches, during an investigation into it sharing the email addresses of hundreds of people
     09 Jun: The Reserve Bank has again delayed revelations over its former Governor's departure
     09 Jun: Auckland City Hospital is heading into a third tranche of upgrades - out of Budget hospital infrastructure funding
     09 Jun: Another round of work at Auckland Hospital will crank its resilience up a notch
     09 Jun: Criticism of final Government decisions on Christchurch's housing density
     09 Jun: Christchurch City Council has committed to pay equity, despite the government's law change
     Top Stories

    RUGBY RUGBY
    Former Rugby Australia boss Hamish McLennan has floated the prospect of one of rugby's highest profile administrators taking on the New Zealand Rugby CEO job More...

    BUSINESS BUSINESS
    No surprises over falling home values in Auckland Council valuations released today More...


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