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Adult Kids Putting Pressure on Over 50s Saving for Retirement

Keith Ardren

Some Bay baby boomers are heading into retirement crippled with mortgage debt or without their own home, experts say. High wage earners aged in their 50s were also seeking financial advice due to “peer pressure to keep up with Joe Blogs down the road” and “the ongoing funding of adult children”.  There is the peer pressure to keep up with Joe Blogs down the road, he has got that car or that trip overseas. Read More

City booms but wages low

Aerial of Tauranga City.

Economic growth in Tauranga has outstripped the national average on almost every indicator a new report shows. However, incomes have continued to lag behind — with one business leader saying “our low wage reputation is not really something we should be proud of”. Read More

Support Resources Stretched

Annamarie Angus says the Tauranga Moana Nightshelter was at capacity last month.

A number of Bay social agencies are stretching their resources and helping more clients than they are funded for – a situation that has come hard on the heels of an extremely busy holiday period.

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