rprc april13 kiwisaver
DESCRIPTION
Interest.co.nz editor Bernard Hickey argues for a debate on NZ Superannuation at a Business Breakfast hosted by the Retirement Policy Research Centre at the University of Auckland.TRANSCRIPT
Why de-leveraging and the costs of
retiring baby-boomers will spark
a Super debateRPRC Breakfast, University of
Auckland, April 13
We (and the world) can’t afford our gold
plated pension schemes
RPRC Breakfast, University of Auckland, April 13
It’s all about de-leveraging
RPRC Breakfast, University of Auckland, April 13
RPRC Breakfast, University of Auckland, April 13
Deposits and LVRs
With 95% LVR Leverage 20 to 1
$50k = $ 1mlnBut 80% LVR
Leverage 5 to 1$50k = $250k
RPRC Breakfast, University of Auckland, April 13
RPRC Breakfast, University of Auckland, April 13
Giant debt boom
RPRC Breakfast, University of Auckland, April 13
The growth was false
RPRC Breakfast, University of Auckland, April 13
Bigger than 1929
RPRC Breakfast, University of Auckland, April 13
Lending collapse
RPRC Breakfast, University of Auckland, April 13
Big fat ATM
RPRC Breakfast, University of Auckland, April 13
Same here too
RPRC Breakfast, University of Auckland, April 13
Bubble pumped up
RPRC Breakfast, University of Auckland, April 13
Way too much air
RPRC Breakfast, University of Auckland, April 13
So what happens now?
Deleveraginghas only just begun
RPRC Breakfast, University of Auckland, April 13
Pass the parcel
RPRC Breakfast, University of Auckland, April 13
7 years long25% of GDP= NZ$45 bln
RPRC Breakfast, University of Auckland, April 13
Not sustainable
RPRC Breakfast, University of Auckland, April 13
Not sustainable
RPRC Breakfast, University of Auckland, April 13
Indebted future
RPRC Breakfast, University of Auckland, April 13
Saving more
RPRC Breakfast, University of Auckland, April 13
Weak spending
RPRC Breakfast, University of Auckland, April 13
Weak lending
RPRC Breakfast, University of Auckland, April 13
Slow turnover
RPRC Breakfast, University of Auckland, April 13
House price fall?
RPRC Breakfast, University of Auckland, April 13
House price fall?
RPRC Breakfast, University of Auckland, April 13
Beep Beep
RPRC Breakfast, University of Auckland, April 13
Rising interest rates
RPRC Breakfast, University of Auckland, April 13
Variable cheaper
RPRC Breakfast, University of Auckland, April 13
Mind the Gap
RPRC Breakfast, University of Auckland, April 13
One big boom
RPRC Breakfast, University of Auckland, April 13
Battle of generations
RPRC Breakfast, University of Auckland, April 13
So many old, sick people
RPRC Breakfast, University of Auckland, April 13
Indebted future
RPRC Breakfast, University of Auckland, April 13
Indebted future
A debate is required
RPRC Breakfast, University of Auckland, April 13
Who will pay and how?
RPRC Breakfast, University of Auckland, April 13