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Brad Olsen: Infometrics Principal Economist on the OECD report on the NZ Superannuation scheme
Published 1 month, 2 weeks ago
Description
An economist says a new OECD report says what most people already know about the pension age.
Its latest Economic Survey warns if current policy settings continue, we could be spending 5% more of our GDP on health, long-term care, and pensions by 2060.
Infometrics Principal Economist Brad Olsen agrees the pension age should be adjusted to general life expectancy.
He told Ryan Bridge that while there are many considerations, New Zealand needs to at least do something or else we'll hit a fiscal cliff.
Olsen says the country keeps having the conversation, but no one seems to want to take the bull by the horns.
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