more people set to retire without a nest egg
There are significant inequities in how Kiwis experience the later years of life, according to a review of New Zealand's retirement policies.
The Retirement Commission said fewer retirees were living in houses they owned, and many struggled to afford food and rent.
Retirement Commissioner Jane Wrightson said a comfortable retirement was not a sure thing anymore.
"We're trying to bust the myth of the dominant narrative of retirement," she said, "which is a wealthy-ish person owning their own home with sufficient capital to live quite comfortably.
"That's 50 percent of the population, give or take a bit, and that's going to decline over the next 10 or 20 years."
Roughly a third of retirees will be renting by 2048 - 100 percent more than today.
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