New Zealand's treading water, with a warning our increasingly overloaded pension system isn't sustainable.

The latest OECD snapshot of our economy suggests unless we adjust systems, including the costs of health, long-term care and pension will increase by about five percent of GDP by 2060.

It says it could be countered by changes including upping Superannuation contributions. 

Economist Cameron Bagrie says we can't keep kicking the can down the road - and that we need to address entitlements, through lifting the retirement age or means testing. 

LISTEN ABOVE

New Zealand's treading water, with a warning our increasingly overloaded pension system isn't sustainable.
The latest OECD snapshot of our economy suggests unless we adjust systems, including the costs of health, long-term care and pension will increase by about five percent of GDP by 2060.
It says it could be countered by changes including upping Superannuation contributions.&nbsp;
Economist Cameron Bagrie says we can't keep kicking the can down the road - and that we need to address entitlements, through lifting the retirement age or means testing.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Cameron Bagrie: independent economist issues warning over nation's overloaded pension system

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/817c794a-2e8a-4d47-9370-b4430064568e/transcript