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5 Jul 2025 10:50
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      Home > News > Politics

    Fallout from the cost of living crisis, with record high KiwiSaver hardship withdrawals

    Fallout from the cost of living crisis, with record high KiwiSaver hardship withdrawals


    Inland Revenue figures show more than 44-thousand people withdrew money in the 10 months from last July to this April.

    For the entire past financial year - about 32-thousand withdrew for hardship.

    Public Trust General Corporate Trustee Services Manager, David Callanan, says unemployment is at its highest since in the middle of covid.

    He says there's also the highest level in eight years, of people unable to pay their mortgage.

    © 2025 Newstalk ZB, NZCity

     Other Politics News
     05 Jul: AI could soon be worth billions of dollars a year to New Zealand
     05 Jul: Witnesses to 1998 riots in Indonesia speak out after minister questions mass rape history
     04 Jul: Lost in space: MethaneSat failed just as NZ was to take over mission control – here’s what we need to know now
     04 Jul: The Pasifika Medical Association continues to refute allegations of impropriety, over its funding of Moana Pasifika
     04 Jul: A West Coast Tasman MP wants a 'mini-version' of the Government's fast-track system, to speed up consent processing
     04 Jul: Central Otago's Cardona Hotel is on the market for the first time in more than a decade
     04 Jul: Tasman residents have been left with conflicting messages over what to do when mobile phones have no service
     Top Stories

    RUGBY RUGBY
    High praise for a basketball son of a gun at the Under-19 World Cup in Switzerland...as New Zealand stormed into the semi-finals More...

    BUSINESS BUSINESS
    AI could soon be worth billions of dollars a year to New Zealand More...


     Today's News

    		 Basketball:
    High praise for a basketball son of a gun at the Under-19 World Cup in Switzerland...as New Zealand stormed into the semi-finals 10:47

     Environment:
    Heavy rainfall is expected to lash eastern parts of the North Island throughout the afternoon and into tomorrow 10:47

     Entertainment:
    Olivia Palermo's "uniform" is leather 10:36

     Environment:
    A broad area of low pressure is moving across the North Island - bringing showery conditions to some parts 10:26

     Business:
    AI could soon be worth billions of dollars a year to New Zealand 10:06

     Entertainment:
    Sam Neill was "bullied" into auditioning for James Bond 10:06

     Soccer:
    Young All Whites defender Tyler Bindon will be appearing for a famous club in the UK's second tier football Championship 9:36

     Entertainment:
    Kristin Cavallari has not spoken to her father for three years because he allegedly "traumatized" her children 9:36

     Entertainment:
    The BBC has said it should have cut away from a live broadcast of Bob Vylan's controversial Glastonbury performance 9:06

     Politics:
    Witnesses to 1998 riots in Indonesia speak out after minister questions mass rape history 8:36

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