Going into retirement with $25 billion of mortgage debt
ANALYSIS: Property prices have substantially outpaced income growth, and as more and more people enter retirement they will be saddled with significant mortgage debt.
WATCH: NBR columnist Hillmarè Schulze speaks with Jonathan Mitchell.
The image of retirement often conjures visions of financial security and freedom. However, a growing trend is challenging this traditional narrative in New Zealand: over 65-year-olds carrying mortgages into their golden years.
Centrix figures show an alarming trend, with more and more people over
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