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still renting and not enough savings to avoid poverty

  • Written by Claire Dale, Research Fellow, University of Auckland
still renting and not enough savings to avoid povertyGettyImages

A large number of New Zealanders are facing a perfect storm at retirement, with minimal savings and no house, raising the risk that thousands will enter old age in poverty.

According to the latest retirement expenditure guidelines from Massey University, a two-person retiree household living an urban “choices” lifestyle,...

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