Young people cannot save for their retirement because they have student loans and mortgages that should be paid off before starting to save?
On average, everyone agrees with significant nonconsensus between 227 voters.
Please read the comments from other voters below, then scroll down make your decision. Do you agree or disagree with the following statement?
Young people cannot save for their retirement because they have student loans and mortgages that should be paid off before starting to save
Reasons To Disagree
There are very few people who have never had a mortgage to pay off. With regard to Varsity Education people in the past were unable to borrow money to go to Varsity. They had to "work" their way through University to cover their costs including living costs. They managed. Perhaps the problem with young people not being able to save is the fact there are more night clubs, bars, restaurants, holiday packages etc available for them to spend their higher incomes on once they have finished their degree and got a job in the corporate world.
28 September 2005
Superannuation should be available to everybody on precisely the same generous terms as the politicians give themselves - what's good for the geese would be great for the Kiwi.
21 July 2006
Young people should be taught to budget and not spend spend spend....
25 August 2007
its called Kiwisaver
12 October 2007
they should try living within their means and the rest should get a job and not expect the state to keep them.
11 March 2010
The student loan scheme is a disaster. Another example of our 2 party system leading to pandering to special interest groups. We need to stop paying out to students who aren't achieving, we need to make parents responsible for their kids education where possible, and we need to tightly control what is paid out. Education was free when I was young, but I also paid 66 cents in the dollar marginal tax rate to make it so. It's not up to the tax-payer to fund anyone's mortgage. There's no such thing as a free lunch.
10 October 2010
Reasons To Agree
How can anyone afford to save/pay a mortgage in this day and age after completing university? Let alone think about saving for their retirement. $350,000 + for a house. The average annual income is pitched at $44k. I work in an office and only the managers would make that. In fact, I barely know any so-called "AVERAGE" New Zealand income earners.
22 June 2007
problem isnt high cost, its low prvte incomes-poor long term tax policies make it btter to buy house(s) thn boost prductivty
13 December 2007
Yes, make term fees free and lower interest rates on mortgages.
11 May 2011
Definetly - mortgages , student loans , plus most people have debt it's so hate to save
27 March 2016
Reasons for Remain NeutralNo reasons have yet been given to remain neutral.
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