Keep The Change The Future of New Zealand: Are You Prepared? w Professor Paul Spoonley
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Nov 6, 2024 In this engaging discussion, Professor Paul Spoonley, a demography expert, delves into New Zealand's shifting immigration trends and the challenges posed by an aging population. He explores the impact of 80,000 Kiwis leaving the country and emphasizes the need for better financial literacy to foster a stronger economy. The conversation also touches on healthcare issues for seniors, tax reforms, and the potential of technology in boosting regional growth. Spoonley paints a vivid picture of what New Zealand might look like in 20 years and encourages proactive community engagement.
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Population Ageing Will Multiply Dementia
- Rapid ageing, especially growth in those over 85, will sharply increase dementia and care needs.
- Planning must address where to place dementia care and how to fund and staff those services.
Start Honest Superannuation Debates Now
- New Zealand must debate superannuation funding, eligibility age, and possible means-testing before costs explode.
- Start multi-party conversations now to avoid knee-jerk decisions when fiscal stress intensifies.
Raise Workplace Contributions For Retirement
- Increase retirement savings via employer and employee contributions to build a stronger domestic funding base.
- Boosting mandatory contributions shifts the savings burden away from taxpayers and improves retirement security.
