An economist says New Zealand needs to have a tough conversation about superannuation.

Finance Minister Nicola Willis yesterday told Newstalk ZB the scheme needs to become sustainable and a debate about age eligibility will be needed eventually. 

Bagrie Economics says raising the age makes sense, with the average life expectancy up a lot.

Cameron Bagrie says we can't keep kicking the can down the road.

"More than 50 percent of all welfare spending is going towards New Zealand's Superannuation - and some people need that money, but there's a chunk of society that I don't think need that money and they're double dipping."

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An economist says New Zealand needs to have a tough conversation about superannuation.
Finance Minister Nicola Willis yesterday told Newstalk ZB the scheme needs to become sustainable and a debate about age eligibility will be needed eventually.&nbsp;
Bagrie Economics says raising the age makes sense, with the average life expectancy up a lot.
Cameron Bagrie says we can't keep kicking the can down the road.
"More than 50 percent of all welfare spending is going towards New Zealand's Superannuation - and some people need that money, but there's a chunk of society that I don't think need that money and they're double dipping."
LISTEN ABOVE

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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.

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Cameron Bagrie: independent economist on whether New Zealand's Superannuation needs to be reformed

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0b388069-a218-4f41-afca-b281005cfe5d/transcript