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

"New Faces, Wise Heads": Andrew Little Announces New Labour Line Up

Labour Leader Andrew Little today announced a bold new caucus line up which brings forward new talent and draws on the party’s depth of experience.

“Labour has many new and highly capable MPs who will have the opportunity to prove their ability. At the same time our senior hands will be on deck to take the fight to the National-led Government and support our upcoming stars,” Andrew Little says.

“I am pleased to announce Annette King will be my deputy for the coming year. In recent weeks she has shown how crucial her wisdom and strength is to Labour. More>>

 

Parliament Today:

Gordon Campbell: On Rick Ellis As Te Papa’s New CEO

The recent appointment of former TVNZ boss Rick Ellis to head Te Papa has copped a fair bit of criticism. Much of it has been inspired by the suspicion that Ellis has been hired to pursue the same purely commercial goals as he did at TVNZ, while similarly neglecting the serious cultural side of his mandate. More>>

Passport Cancellation, Surveillance: Draft 'Foreign Fighters Legislation' Released

The final draft of the Countering Terrorist Fighters Legislation Bill contains proposals previously announced by Mr Key in a major national security speech earlier this month. More>>

ALSO:

Related

Joint Statement: Establishment Of NZ-China Strategic Partnership

At the invitation of Governor-General Lt Gen The Rt Hon Sir Jerry Mateparae and Prime Minister The Rt Hon John Key of New Zealand, President Xi Jinping of the People’s Republic of China made a state visit to New Zealand from 19 to 21 November 2014... More>>

ALSO:


Savings Targets: Health Procurement Plan Changes Direction

Next steps in implementing DHB shared services programme Health Minister Jonathan Coleman says the Government has agreed to explore a proposal put forward by DHBs to move implementation of the shared services programme to a DHB-owned vehicle. More>>

ALSO:

More on Health Policy:

Auckland Unification: 'No IT Cost Blowout' (Just More Expensive)

Following discussion of an update on Auckland Council’s Information Services Transformational Programme at today’s Finance and Performance Committee, council has released the report publicly. More>>

ALSO:

Other Expensive Things:

Gordon Campbell: On The SAS Role Against Islamic State, And Podemos

Only 25% of the US bombing runs are even managing to locate IS targets worth bombing. As the NYT explains at length, this underlines the need for better on-the-ground intelligence to direct the air campaign to where the bad guys have holed up... More>>

ALSO:

Public Service: Commission Calls For Answers On Handling Of CERA Harassment

EEO Commissioner Dr Jackie Blue is deeply concerned about the way in which the State Services Commission has handled sexual allegations made against CERA chief executive Roger Sutton this week and is calling for answers. More>>

ALSO:

Gordon Campbell:
On Andrew Little’s Victory

So Andrew Little has won the leadership – by the narrowest possible margin – from Grant Robertson, and has already been depicted by commentators as being simultaneously (a) the creature of the trade unions and (b) the most centrist of the four candidates, which would be an interesting trick to see someone try in a game of Twister. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news