An economist says a new OECD report says what most people already know about the pension age.  

Its latest Economic Survey warns if current policy settings continue, we could be spending 5% more of our GDP on health, long-term care, and pensions by 2060. 

Infometrics Principal Economist Brad Olsen agrees the pension age should be adjusted to general life expectancy.  

He told Ryan Bridge that while there are many considerations, New Zealand needs to at least do something or else we'll hit a fiscal cliff.   

Olsen says the country keeps having the conversation, but no one seems to want to take the bull by the horns.  

LISTEN ABOVE  

An economist says a new OECD report says what most people already know about the pension age. &nbsp;
Its latest Economic Survey warns if current policy settings continue, we could be spending 5% more of our GDP on health, long-term care, and pensions by 2060.&nbsp;
Infometrics Principal Economist Brad Olsen agrees the pension age should be adjusted to general life expectancy. &nbsp;
He told Ryan Bridge that while there are many considerations, New Zealand needs to at least do something or else we'll hit a fiscal cliff. &nbsp;&nbsp;
Olsen says the country keeps having the conversation, but no one seems to want to take the bull by the horns. &nbsp;
LISTEN ABOVE &nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Brad Olsen: Infometrics Principal Economist on the OECD report on the NZ Superannuation scheme

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b7ea1a99-b133-4d0c-ae70-b444000218d8/transcript