The Retirement Commission (RC) aims to ensure that New Zealanders are well educated in financial matters and can make informed financial decisions throughout their lives. Part of its job is to inform New Zealanders how they can prepare for their retirement. This project is looking for information on how currently retired people spend their incomes. The information will be used to help younger people in their retirement planning.
Objectives
- To develop "model" budgets for people who are aged 65 plus and currently retired.
- To examine how such budgets may vary for single people and couples, home-owners and renters, and by age within the 65 plus range.
- To develop case examples, incorporating the views of older people which the RC can use in its public material.