Frank Jasper, Chief Investment Officer
3rd September 2018
Carrot or stick? Inspire or scare? I have always been a fan of the positive. So when retirement comes to mind, it’s mental images of relaxing tropical islands, steaming bowls of pasta after days spent on the Italian ski slopes and new cars. That is not the reality for most of us. In fact it couldn’t be further from the truth. Retirement can and will be very hard for many Kiwis.
Last month the New York Times ran an article that caught my eye and inspired this note. Entitled “Too little, too late” it shares research from the US-based Consumer Bankruptcy Project which notes that bankruptcy rates for people over 65 is three times today what it was in 1991. This is an alarming trend.