Garteth Kiernan: Informetrics forecaster on whether changes need to be made to superannuation

Questions have been asked as to whether New Zealand super will be enough if you have to rent in retirement. When New Zealand Super was introduced, it was with the underlying assumption that those accessing it would be mortgage-free homeowners. That is not looking to be the case 30 years from now.  However, much has been written about The Great Wealth Transfer. The Silent Generation, the Baby Boomers, upon their death, some economists forecast, will transfer an estimated $30-68 trillion to adult children in the United States. Of course, it would be a bit different here in terms of the amount of money.  There's also debate among economists that the great wealth transfer will occur at all, given rising health care costs and the fact that boomers are living longer. To discuss this, Informetrics chief forecaster Garteth Kiernan joined Kerre Woodham. LISTEN ABOVESee omnystudio.com/listener for privacy information.