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11 Jun 2025 12:37
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      Home > News > Business

    Fallout from the cost of living crisis, with record high KiwiSaver hardship withdrawals

    Fallout from the cost of living crisis, with record high KiwiSaver hardship withdrawals

    10 June 2025
    Inland Revenue figures show more than 44-thousand people withdrew money in the 10 months from last July to this April.

    For the entire past financial year - about 32-thousand withdrew for hardship.

    Public Trust General Corporate Trustee Services Manager, David Callanan, says unemployment is at its highest since in the middle of covid.

    He says there's also the highest level in eight years, of people unable to pay their mortgage.

    © 2025 Newstalk ZB, NZCity


     Other Business News
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     11 Jun: Why ultra wealthy donors like Elon Musk and Zia Yusuf may just be fundamentally incompatible with the politics of the radical right
     11 Jun: Power prices are still rising, despite assurances we won't face last year's winter woes
     11 Jun: The Government's expecting a positive reception from farmers at Fieldays
     11 Jun: A moving population's played a role in Auckland's inner suburb property values taking a hit in council's valuations
     10 Jun: No surprises over falling home values in Auckland Council valuations released today
     10 Jun: A Taupo businessman's heading to trial - charged with rape and trying to bribe his alleged victim
     Top Stories

    RUGBY RUGBY
    All Blacks winger Caleb Clarke has re-signed with New Zealand Rugby until the next World Cup More...

    BUSINESS BUSINESS
    Rises in hydro lake levels - have eased concerns about having enough power this winter More...


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     Rugby:
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     Entertainment:
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