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yeah, nah
Originally Posted by Bjauck
I think that a big difference between NZ and Australia is that Australian households have more of their wealth (both absolutely and in percent terms) in financial and pension fund assets. NZers rely more on real estate (both owner-occupied and investment real estate.)
Having come over from Aus, I can attest that the compulsory Australian pension (superannuation) is one of the better choices made. Being able to access KiwiSaver early, I think, will always be problematic - time will tell.
A great read if anyone is interested:
Household Debt And Financial Stability - IMF
Some great data for comparison:
IMF DataMapper - US, UK, AU, NZ Debt/GDP
Another source of good comparative info:
Trading Economics
Perhaps this is to 'heavy' of a conversation for this thread.
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