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31 Jul 2025 14:03
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      Home > News > Politics

    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


    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 Politics News
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     31 Jul: Former Christchurch City Councillor and former Newstalk ZB host James Daniels is quitting his run for a seat at the council table
     31 Jul: Kiwibank will have to prove itself before increased capital can result in the desired levels of competition
     31 Jul: Disappointment at delays to a decision on the future of a stadium at Western Springs
     31 Jul: The oil and gas exploration ban is expected to be repealed today
     31 Jul: US government may be abandoning the global climate fight, but new leaders are filling the void – including China
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    Former Christchurch City Councillor and former Newstalk ZB host James Daniels is quitting his run for a seat at the council table 12:27

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