“…It’s time the New Zealand family had that difficult discussion about intergenerational wealth and debt because the present situation cannot be sustained beyond the next 20 years or so.
Older property owners need to give up some of their wealth and future benefits.
For the doubters here’s why New Zealand and many other developed, ageing and indebted economies have a looming problem…”
(cont..)
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Bernard Hickey: Dear Mum and Dad – it’s serious chat time – Politics – NZ Herald News.
