Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


64 % of NZers Believe They Will Achieve Financial Goals

Nielsen Survey: 64 Percent of New Zealanders Believe They Will Achieve Financial Goals, But Only 20 Percent of Those Think
Current Planning Efforts Will Be Sufficient

•           Future Investment Plans Are Stronger Than Current Saving Activities

• Retirement and Household Emergencies Top Priorities for Active Saving

Auckland, New Zealand (16 January, 2014) – According to a new study by Nielsen, a leading global provider of information and insights into what consumers watch and buy, nearly two-thirds of respondents (64%) believe they will achieve all their financial goals for the future, but of those, just 20 percent trust their current planning will be enough. 44 percent say they will need to closely monitor and adjust investments from time to time in order to best meet their financial expectations. Over a third of respondents (36%) have no confidence they will meet their financial goals with either current or by modifying their asset allocations.

“More Kiwis planning to save for the future compared to what they are saving now indicates an opportunity to better educate consumers on saving and investment strategies that will help them meet their financial goals” said Rob Clark, managing director, Nielsen NZ. “As growing numbers of New Zealanders wind down their working life there are also concerns about reliance on government support for retirement and health care. Understanding consumer saving strategies provides insight to how they are responding to the challenge of ensuring financial security”.

Clark continues, “In addition, from our Consumer and Media Insights research, we are beginning to see shifts towards longer term thinking with year on year increases for those taking up KiwiSaver (12%) and investing in shares (15%).”

The Nielsen Global Survey of Saving and Investment Strategies polled more than 30,000 Internet respondents1 in 60 countries to evaluate how consumers around the world are preparing for current and future financial expenses. Nielsen evaluated 16 different saving and investment strategies used to fund a range of 14 long- and short-term financial goals2.

Future Investment Plans Are Stronger Than Current Saving Activities

Across all 14 goals reviewed, New Zealand respondents’ intentions to save in the future are stronger than current saving activities for all but one goal— retirement funds (41% active savers are equal with 41% future savers). (see chart)

Retirement and Household Emergencies Top Priorities for Active Saving

Nielsen information shows that for New Zealanders who are actively saving now, retirement funds and unexpected household emergencies are priorities among more respondents (41% and 39% respectively).

Clark adds, “The number of Kiwis saving for retirement is actually ahead of the global average (where 35% are actively saving), however, it’s not yet clear whether these current saving rates will deliver a comfortable retirement.” 


Click for big version.

About the Nielsen Global Survey

The Nielsen Global Survey of Saving and Investment Strategies was conducted between August 14 and September 6, 2013, and polled more than 30,000 consumers in 60 countries throughout Asia-Pacific, Europe, Latin America, the Middle East, Africa and North America. The sample has quotas based on age and sex for each country based on their Internet users, is weighted to be representative of Internet consumers, and has a maximum margin of error of ±0.6%. This Nielsen survey is based on the behaviour of respondents with online access only. Internet penetration rates vary by country. Nielsen uses a minimum reporting standard of 60 percent Internet penetration or 10M online population for survey inclusion. The Nielsen Global Survey, which includes the Global Consumer Confidence Survey, was established in 2005.

About Nielsen

Nielsen Holdings N.V. (NYSE: NLSN) is a global information and measurement company with leading market positions in marketing and consumer information, television and other media measurement, online intelligence and mobile measurement. Nielsen has a presence in approximately 100 countries, with headquarters in New York, USA, and Diemen, the Netherlands. For more information, visit www.nielsen.com.

#  #  #

1 While an online survey methodology allows for tremendous scale and global reach, it provides a perspective on the habits of existing Internet users, not total populations. In developing markets where online penetration has not reached majority potential, audiences may be younger and more affluent than the general population of that country. Additionally, survey responses are based on claimed behavior, rather than actual metered data.

2 The 14 goals evaluated included: health issues, unexpected household emergencies, higher education, children’s future, marriage, loss of job/income, first-time main home property purchase, retirement fund, personal luxury purchase, having a baby, financial legacy, starting a business, upgraded property purchase, and second-home/vacation property purchase.


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Drone Strikes And Judith Collins‘ Last Stand

The news that a New Zealand citizen was killed last November in a US drone attack in Yemen brings the drones controversy closer to home.

To the US, drones are a legitimate response to the threat posed by the al Qaeda organisation and its franchisees... To the US, the drones carry the added advantage of not putting US troops at risk on the ground, and minimises the need for putting them in large numbers in bases in the countries concerned, always a politically sensitive point.

The counter-argument, well articulated by security analyst Paul Buchanan on RNZ this morning, is that this particular drone attack can be said to amount to an extra-judicial execution of a New Zealand citizen by one of our military allies, in circumstances where the person concerned posed no threat to New Zealand’s domestic security. More>>

 

Parliament Today:

Policies: Labour’s Economic Upgrade For Manufacturing

Labour Leader David Cunliffe has today announced his Economic Upgrade for the manufacturing sector – a plan that will create better jobs and higher wages. More>>

ALSO:

Gordon Campbell: On The Life And ACC Work Of Sir Owen Woodhouse

With the death of Sir Owen Woodhouse, the founding father of the Accident Compensation Scheme, New Zealand has lost one of the titans of its post-war social policy. More>>

ALSO:

Bad Transnationals: Rio Tinto Wins 2013 Roger Award

It won the 2011 Roger Award and was runner up in 2012, 2009 and 08. One 2013 nomination said simply and in its entirety: “Blackmailing country”... More>>

ALSO:

Select Committees: Tobacco Plain Packaging Hearings

The Stroke Foundation is today backing the Cancer Society and Smokefree Coalition who are making oral submissions to the Health Select Committee in support of proposed legislation to remove of all branding from tobacco products. More>>

ALSO:

Milk: Oravida Asked For Cabinet Help

New evidence released by New Zealand First today reveals Justice Minister Judith Collins used her position to manipulate the Government to help her husband’s company, Oravida, after the Fonterra botulism scare, says New Zealand First Leader Rt Hon Winston Peters. More>>

ALSO:

With Conditions: Ruataniwha Consents Approved In Draft Decision

The Tukituki Catchment Proposal Board of Inquiry has granted 17 resource consents relating to the $265 million Ruataniwha Water Storage Scheme in a draft decision that would open more of the Hawke’s Bay to irrigation. More>>

ALSO:

Fast Lanes, Campervans: Labour 'Making The Holidays Easier For Kiwi Drivers'

The next Labour Government will make the holidays easier and journeys quicker for Kiwi families driving on the roads, says Labour Leader David Cunliffe. More>>

ALSO:

Gordon Campbell: On Royalty And Its Tourism Spin-Offs

Ultimately the Queen’s longevity has been one of her most significant accomplishments. A transition to Prince Charles while the monarchy was in the pits of public esteem in the mid to late 1990s would have been disastrous for the Royal Firm. Far more congenial representatives have now emerged... More>>

ALSO:

Privacy (Again): ACC Demands Excessive Privacy Waivers

Labour: “This is just another example of ACC under National deliberately acting to deny treatment and compensation... Those who did fill in the form have effectively been victims of yet another ACC privacy breach. This time Judith Collins knew it was happening..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news