Can we afford our ageing population?
ANALYSIS: As fiscal burden on the state of providing care and superannuation grows, age of eligibility for superannuation will not be sustainable at current levels.
WATCH: NBR columnist Hillmarè Schulze speaks with Jonathan Mitchell.
Superannuation makes up just over half of New Zealand’s total social security and welfare spending. This number is projected to reach 56% by 2027.
Government spending on social security and welfare, which includes superannuation and other types of benefits, has almost quadrupled since 2005.
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