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the Shape of Money recommends

19 July 2002

Media Release

the Shape of Money recommends the Government should give more money to its competitor.

Giving more money for public education to its main rival Sorted was just one of the options suggested by the Shape of Money to help New Zealand find the extra five billion dollars required annually for superannuation in future years.

“Governments will also need to reduce their spending, achieve long-term, sustainable economic growth, maintain a tight control over inflation and begin talking about income testing again”, said the Shape of Money’s director, Simon Hardie.

In its newsletter to its subscribers today, the Shape of Money goes further and argues that to promise the electorate that current levels of superannuation entitlement are sustainable is, at best, misleading.

“Voters really do need to look past the election promises and seriously consider how future superannuation payments can be met. Cutting costs such as teachers salaries for example, are unlikely to find political favour”, Simon Hardie said.

the Shape of Money urged its users not to rely on a Government provided retirement income when planning for their own retirement. “If anything is to be genetically modified, then superannuation is a good place to start”, suggested the Shape of Money director.

Ends

Contact Simon Hardie
025 572 628
the Shape of Money - because it's your money
http://www.theshapeofmoney.co.nz
PO Box 14-336, Kilbirnie, Wellington


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