Latest / The Kākā by Bernard Hickey
Deep-dive: What does an ageing population mean for Aotearoa?
Long story short: Treasury has warned again public debt will rise exponentially in the decades to come because of the rising costs of our ageing population, unless we change one or more of our New Zealand Superannuation promises, publicly-funded healthcare or tax settings.
The current Government isn’t planning any changes, other than to try to squeeze more services out of existing spending. Treasury says that won’t go far. National and Labour talked briefly yesterday after finding a bipartisan approach, but that dissolved within a few hours.
In my view, the only way to avoid the exponential…
The skinny
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