Compulsory 12% KiwiSaver’s a bad idea, despite what the chattering classes say - Simon Bridges
Simon Bridges argues against the proposed increase of KiwiSaver contributions to 12%, suggesting it places an undue burden on workers. He contends that current economic conditions and the nature of retirement savings make such a high rate impractical.
Why it matters
The debate over retirement savings rates impacts national economic policy and the long-term financial well-being of the workforce.
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The author is a former politician expressing a clear opinion against a proposed government-backed economic policy.
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