Nat/act/nzf 2023

[Panda-NZ-]

Sure 70 may well be new 50 for some occupations and socio-economic groups. However some at 65 may also be struggling to maintain the old 65 and it may be worse for maintaining quality of life. Also what is the effect of reducing home ownership rates on some from both a physical and psychological effect?

So How do you know the exception rate is more than I think? Indeed any age restriction, whether upper or lower, is subject to generalisations. Just because people are living longer does not necessarily mean they live better. Illnesses and diseases have more treatment and management options. So a period of managed ill-health can be longer too.

Also with funding restrictions for public health and medications coupled with private health insurance tiers for those with various levels of wealth, there is considerable variation in longevity and quality of life options. So is a one-size fits all retirement age even still fit for purpose?

Yeah it will be pocket money for some, a lifestyle cushion for others and still desperately needed for many, too.

More research needs to be done with some urgency on this given the challenge of the issue. The departing treasury secretary was totally correct we are squabbling about peanuts when we have long-term issues that are not being discussed whatsoever (IMF, oecd are more aware though).