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10 Jun 2025 14:39
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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
     10 Jun: Some economists have called for a radical ‘global wealth tax’ on billionaires. How would that work?
     10 Jun: The Otago Regional Council's admitting further privacy breaches, during an investigation into it sharing the email addresses of hundreds of people
     09 Jun: The Reserve Bank has again delayed revelations over its former Governor's departure
     09 Jun: Auckland City Hospital is heading into a third tranche of upgrades - out of Budget hospital infrastructure funding
     09 Jun: Another round of work at Auckland Hospital will crank its resilience up a notch
     09 Jun: Criticism of final Government decisions on Christchurch's housing density
     09 Jun: Christchurch City Council has committed to pay equity, despite the government's law change
     Top Stories

    RUGBY RUGBY
    Former All Blacks midfielder Ngani Laumape will bolster the stocks of Moana Pasifika from next year More...

    BUSINESS BUSINESS
    A Taupo businessman's heading to trial - charged with rape and trying to bribe his alleged victim More...


     Today's News

    		 National:
    Edmund White was my friend – I know first-hand why his writing meant so much to queer readers 14:16

     Rugby:
    Former All Blacks midfielder Ngani Laumape will bolster the stocks of Moana Pasifika from next year 14:06

     Entertainment:
    Alicia Silverstone didn't think she'd ever revisit her Clueless character again 14:05

     Soccer:
    What the Socceroos need against Saudi Arabia to qualify for the World Cup 13:57

     Law and Order:
    A Dunedin mother accused of using methamphetamine before causing a crash that killed her 7-year-old son, has pleaded NOT guilty 13:46

     Business:
    A Taupo businessman's heading to trial - charged with rape and trying to bribe his alleged victim 13:46

     Entertainment:
    Olivia Munn won't let her children watch cartoons 13:35

     Environment:
    A 10-fold increase in rocket launches would start harming the ozone layer – new research 13:06

     Law and Order:
    A 73-year-old man has been charged with murder over the death of a 77-year-old man at Horeke, north of Kaikohe last month 13:06

     Entertainment:
    Olly Alexander thinks the music industry has "not kept pace with the times" 13:05

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