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Economy Matters
4 mins to read

Going into retirement with $25 billion of mortgage debt

ANALYSIS: Property prices have substantially outpaced income growth, and as more and more people enter retirement they will be saddled with significant mortgage debt.

WATCH: NBR columnist Hillmarè Schulze speaks with Jonathan Mitchell.

The image of retirement often conjures visions of financial security and freedom. However, a growing trend is challenging this traditional narrative in New Zealand: over 65-year-olds carrying mortgages into their golden years.   

Centrix figures show an alarming trend, with more and more people over

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Hillmarè Schulze Mon, 22 Apr 2024
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Going into retirement with $25 billion of mortgage debt
Economy Matters,
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