Cameron Bagrie: independent economist on whether New Zealand's Superannuation needs to be reformed
An economist says New Zealand needs to have a tough conversation about superannuation.
Finance Minister Nicola Willis yesterday told Newstalk ZB the scheme needs to become sustainable and a debate about age eligibility will be needed eventually.
Bagrie Economics says raising the age makes sense, with the average life expectancy up a lot.
Cameron Bagrie says we can't keep kicking the can down the road.
"More than 50 percent of all welfare spending is going towards New Zealand's Superannuation - and some people need that money, but there's a chunk of society that I don't think need that money…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.