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KiwiSaver Withdrawals Rise as Costs Skyrocket | Auckland News
Financial mentors are sounding the alarm as record numbers of people—many relying solely on benefits—are drowning in debt, spending more than they earn and even dipping into KiwiSaver for survival. With debt up 100% in five years and clients spending 107% of their income on essentials, the crisis is forcing tough choices: skipping power, dodging debt collectors, and sacrificing retirement savings. Fincap’s latest report reveals over 30,000 cases last year, calling for urgent reforms to debt collection and systemic support to prevent further collapse. Listen in comfort:Get a discount on a Soli…
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