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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/e72b44ea-1e64-4cc1-a54b-b281005cfd42/transcript