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13 Jun 2025 11:07
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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
     13 Jun: A 50-million-dollar capital raise to fund a major expansion to a private hospital in Christchurch, has been over-subscribed by 30 percent, and closed within weeks
     13 Jun: Wimbledon has increased prize money for this year's championships to 120 million dollars, a seven per cent rise and double what was offered a decade ago
     12 Jun: The horticulture sector's celebrating a surge in exports
     12 Jun: A fresh call for more accountability from sunscreen companies
     12 Jun: New Zealand's reliance on coal and gas continues to reduce
     12 Jun: The Campaign for Wool group is crunching the numbers to see if it can make enough carpets
     12 Jun: Young Aucklanders are making moves to the South Island
     Top Stories

    RUGBY RUGBY
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    BUSINESS BUSINESS
    A 50-million-dollar capital raise to fund a major expansion to a private hospital in Christchurch, has been over-subscribed by 30 percent, and closed within weeks More...


     Today's News

    		 Law and Order:
    The court has been closed just minutes into the sentencing of the killer of Christchurch real estate agent Yanfei Bao 10:46

     Business:
    A 50-million-dollar capital raise to fund a major expansion to a private hospital in Christchurch, has been over-subscribed by 30 percent, and closed within weeks 10:46

     Environment:
    State Highway 3 remains closed through Taranaki's Awakino Gorge following a large mudslide yesterday afternoon 10:36

     National:
    Global outrage over Gaza has reinforced a ‘siege mentality’ in Israel – what are the implications for peace? 10:36

     Entertainment:
    Orlando Bloom has revealed Bryce Dallas Howard taught his daughter to paint 10:35

     Law and Order:
    Evidence before the Tenancy Tribunal that a Christchurch man allegedly attacked one of his neighbours, after earlier threatening another with a machete 10:27

     National:
    How visionary Beach Boys songwriter Brian Wilson changed music – and my life 10:27

     Education:
    US Army’s image of power and flag-waving rings false to Gen Z weary of gun violence - and long-term recruitment numbers show it 10:16

     National:
    Friday essay: foggy, flirty and too much – Jane Austen’s menopausal women solicit compassion while making us laugh 10:06

     International:
    The United States was built by migrants. In Los Angeles the American Dream of many is being shattered 10:06

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