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You have to wonder, Kiwisaver default schemes are now directed to "balanced" funds rather than "conservative" funds just in time for a recession.
It might have the benefit of people taking more notice of their Kiwisaver funds especially if we have a recession and rising interest rates mean negative returns.
Probably not what the world improvers were hoping for but as is often the case intelligent well meaning meddling world improvers making things worse for the people they are trying to help.
They need to understand their theory only works if interest rates keep dropping and money continues to be debased. Which is probably not a bad bet, probably only a little early on the timing.
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