Education Policy | Post Primary | Preschool | Primary | Tertiary | Search

 


Wake up call for Finance Minister

Thursday, 13 December – For immediate release

Wake up call for Finance Minister

Finance Minister Bill English met with a select group of 27 young people in Wellington this morning to exchange views on New Zealand’s long-term financial outlook, and to hear about a publication released by the McGuinness Institute today for categorising alternative solutions and choices.

Amongst a wide array of possible choices contained in the group’s statement summarising a week of intense debate, assisted by Treasury officials, were levers such as raising the age of eligibility for superannuation, introducing a capital gains tax or making KiwiSaver compulsory.

“It’s great to see young people, many of them tertiary students, being called on to participate in debates about the looming fiscal crunch that will accompany an ageing population,” said Pete Hodkinson, President of the NZ Union of Students’ Associations (NZUSA), and regular speaker, on similar issues at the release of the youth statement.

“As a 22 year old myself I share the concern of the participants in the McGuiness Institute’s LongTermNZ project (http://longtermnz.org/) that our current economic thinking is not structurally resilient to the challenges ahead – be that climate change, housing affordability or child poverty. I would also join with the view held by 89% of the group that a universal pension isn’t likely to be an option in its current form when I retire in 40 to 50 years’ time.

Jason Armishaw, a project participant who is studying law and economics at the University of Auckland, said arriving at a consensus for what the statement would contain had been a “five day mission”.

“We’re more aware now that there is going to be an increasingly hard future ahead of us, and that we need to band together, with the many ages involved, to find creative solutions … rather than brushing things under the rug”.

Amongst key messages contained in the youth statement on New Zealand’s financial outlook was a call for better engagement with young New Zealanders of all backgrounds, via online platforms and new technologies rather than just traditional media.

The statement signalled young peoples’ willingness to make trade-offs associated with hard economic decisions. It also pointed to the “window of opportunity” New Zealand has to respond pre-emptively to demographic changes and rising health costs.

It was agreed that although spending may be more fiscally constrained in the future, young people are seeking active investment in smart, more visionary long-term options – including lowering unemployment, supporting innovation and entrepreneurship, and provision of affordable tertiary education that balances learning and critical thinking with relevant skills for a changing job market.

In 2013 the NZ Union of Students’ Associations (NZUSA) will be promoting this debate more widely amongst its members and students at tertiary education campuses around the country. In addition, NZUSA is working with the Commission for Financial Literacy to facilitate learner/ student input towards a review of retirement income policies, focusing on key topics such as equal cost sharing across different generations.

ENDS

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Scoop Review Of Books: From Here And There

Being Chinese: A New Zealander’s Story
by Helene Wong.
This is the fascinating story of Helene Wong, born in 1949 in Taihape to Chinese parents: her mother, born soon after her parents migrated here, and her father, born in China but sent to relatives in Taihape at seven to get an education in English. More>>

Chiku: Hamilton Zoo's Baby Chimpanzee Named

Hamilton Zoo has named its three-month-old baby chimpanzee after a month-long public naming competition through the popular zoo’s website. The name chosen is Chiku, a Swahili name for girls meaning "talker" or "one who chatters". More>>

Game Over: Trans-Tasman Netball League To Discontinue

Netball Australia and Netball New Zealand have confirmed that the existing ANZ Championship format will discontinue after the current 2016 season, with both organisations to form national netball leagues in their respective countries. More>>

NZSO Review: Stephen Hough Is Perfection-Plus

He took risks, and leant into the music when required. But you also felt that every moment of his playing made sense in the wider picture of the piece. Playing alongside him, the NZSO were wonderful as ever, and their guest conductor, Gustavo Gimeno, coaxed from them a slightly darker, edgier sound than I’m used to hearing. More>>

ALSO:

Howard Davis Review: King Lear At Circa

In order to celebrate it's 40th birthday, it is perhaps fitting that Circa Theatre should pick a production of 'King Lear,' since it's also somewhat fortuitously Shakespeare's 400th anniversary. If some of the more cerebral poetry is lost in Michael Hurst's streamlined, full throttle production, it's more than made up for by plenty of lascivious violence designed to entertain the groundlings. More>>

Scoop Review Of Books: Tauranga Books Festival

Escape to Tauranga for Queen’s Birthday weekend and an ideas and books-focused festival that includes performance, discussion, story-telling, workshops and an Italian-theme morning tea. More>>

Get More From Scoop

 
 

LATEST HEADLINES

 
 
 
 
Education
Search Scoop  
 
 
Powered by Vodafone
NZ independent news