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13 Jun 2025 4:13
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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
     12 Jun: Labour's leader says the Party will deliver its agriculture policies early next year
     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
     12 Jun: Sheep farmers will be smiling - over confirmation new state houses must have Kiwi wool carpets - under changes to Kainga Ora's supply agreements
     12 Jun: Fifty community groups in Canterbury are set to benefit from more than half a million dollars in funding, by the South Island's most significant community investment fund, the Rata Foundation
     11 Jun: A stark picture of the consequences of Oranga Tamariki's system not helping young Maori enough
     11 Jun: The Government's expecting a positive reception from farmers at Fieldays
     Top Stories

    RUGBY RUGBY
    AAP_Distribution a0046 ds ----- More...

    BUSINESS BUSINESS
    The horticulture sector's celebrating a surge in exports More...


     Today's News

    		 Rugby:
    AAP_Distribution a0046 ds ----- 21:56

     Entertainment:
    It comes after Trace's pop star sister Miley opened up about healing the family rift, admitting she felt "a lot of loyalty" to mom Tish after her parents divorced leaving her relationship with Billy Ray in a "mess" - but she's been trying to fix things 21:35

     Law and Order:
    AAP_Distribution a0043 ha ----- 21:16

     International:
    US Health Secretary Robert Kennedy Jr replaces vaccine advisory panel members with known vaccine critics 21:06

     Entertainment:
    Brittany Cartwright filed for divorce when Jax Taylor became "more and more aggressive" 21:05

     Entertainment:
    Lord Julian Fellowes is "doing alright", despite his mobility issues 20:35

     Entertainment:
    David Harbour often ditches his smart phone for months at a time because it helps him focus on "the things that are important" 20:05

     Entertainment:
    Dakota Johnson has shared a bizarre dream she had about The 1975's Matty Healy 19:35

     Entertainment:
    Miley Cyrus wanted to bring "happiness and joy" back to Billy Ray Cyrus' life before they sorted out their rift 19:05

     Business:
    The horticulture sector's celebrating a surge in exports 18:56

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