An economist [I used to respect] was recently asked, why is debt getting more expensive?
His response?
"this is what happens when your economy is starting to show some growth and the risk for inflationary pressures shift upward."
It’s almost like our economists care too much about getting a job at the RBNZ than they do speaking the truth. Read more.
Meanwhile, just over half of all Kiwis, feel unprepared for retirement (and that includes debt-free homeowners who thought they’d done everything right.) Something has to be done to fix this, but is asking the government to make more rules around KiwiSaver really the right answer? Ben Davin and Mark White-Robinson join me to discuss. If you'd like to sign up to Feijoa, enter in the NZINVESTOR code at checkout for a discount.
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Disclaimer: Please act independently from any content provided in these episodes; it's not financial advice, because there's no accounting for your individual circumstances, and nothing we say is intended as a recommendation. Do your own research, and take a broad range of opinions into account. Ideally, engage a financial adviser / pay for advice!