[Weekly Wrap] Real life stories give a different picture

It also seems particularly timely with some of the news we have had recently. ANZ put out some results from its regular Retirement Savings Barometer survey. A couple of the key highlights are here.

Also it is has been interesting to read through the Retirement Commission's latest statement of corporate intent. It is changing its focus to be on low income and vulnerable New Zealanders. On face value this seems like a good approach as the target group have been identified as ones with a high level of need.

Another story this week in the same vein was that an OECD study said New Zealand teenagers are above average when it comes to financial literacy. The Herald picked up on this and even ran a story today on a friend of one of my sons and her savings habits. (FYI: Here father is an AFA). Unfortunately her good habits don't rub off too strongly on that son! However, his older brother is home from varsity this week and I discovered he has a financial planner, and although a student, is making regular savings every month.

These real life stories sometimes tell a better picture of what is happening out there than all the economic guff often spouted on the subject.