NZ risks becoming a nation of mortgage prisoners | WHAT REALLY HAPPENED

NZ risks becoming a nation of mortgage prisoners

The growing number of New Zealanders who do not own their homes are in for a tough retirement.

This is according to a study out of the University of Otago that argues for a revamp of NZ Super to better protect Kiwis who are still tied to a mortgage by the time they stop working.

"We're staring down the barrel of future generations of non-homeowners being less able to achieve acceptable standards of living when they retire because of the critical factor of homeownership," says Dr Helen Roberts, of the University of Otago's department of accountancy and finance.

"Essentially, homeowners are in a better financial position in retirement, and we've got fewer people owning homes," Dr Roberts adds.

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NZ risks becoming a nation of

Old_Logan

NZ risks becoming a nation of mortgage prisoners

(*A Blatant Abuse Of US Government Policy Copyrights
We're just going to have to go in , and take over that which is ours !
whitehorse souce)

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