News

Retirees face significant shortfall

Thursday 26th of July 2018

The Westpac Massey Fin-Ed Centre has updated its guidelines, which show what retirees need for a “no-frills” or more luxurious “choices” lifestyle around the country.

It found an increasing gap between what people were spending and what they received from the pension.

In metropolitan areas, a two-person household was typically spending $872 a week for a no-frills budget, compared...

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