Episode Details

New Zealand’s Superannuation system is under fire as over 65s — regardless of income — get NZ Super, even as a tiny 2.1% earn over $180,000 annually. While JobSeeker cuts off at $160/week, the stark contrast fuels debate over means-testing. Economists propose raising the retirement age and adjusting indexing to make the system sustainable, especially since most high earners are under 70 and still working. Though some parties reject means-testing, others see it as feasible — given it’s already used for other benefits — to ensure the system remains viable for those who truly need it. Without reform, costs could soar in the next decade.

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