Budget special: When The Facts Change x Gone By Lunchtime
When the Facts Change
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Budget Cuts and Economic Inequality
This chapter explores the impact of recent government budget changes on various demographic groups, particularly the youth and unemployed, emphasizing how cuts to programs like KiwiSaver disproportionately harm them while benefiting older pensioners. It delves into the broader economic ramifications, questioning the necessity of austerity measures and highlighting the paradox of increased borrowing requirements amid efforts to reduce debt. Additionally, it discusses potential strategies for economic growth, advocating for reforms that could better support younger generations and stimulate equitable development.
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