New Zealand's pension system is heading for a cliff. In 1965, seven working-age people supported every retiree. Today it's four workers per retiree. By 2065, it'll be two workers supporting every person over 65.
The system was built for a different country with a younger population. Now we're trying to run the same pension promise with half the workforce to pay for it.
The usual answer is 'just lift the retirement age.' But that hits people with physical jobs hardest - tradies, builders, roofers can't work until 67 like office workers can.
Australia saw this coming and acted early. They made super compulsory at 12% contributions. Average Australian retirement balance: $420,000. Average Kiwi: $69,000. We did it at half speed.
The real problem? This was never about pensions - it's about whether people own enough of their future to make their own choices. The pension shouldn't be your whole plan, it should be your backup plan.
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