Early Edition with Kate Hawkesby

Massey Uni releases these numbers each year.  They tell you how much you might need to retirement.  In the city... two people in a house... want to live comfortably... need $1 million.  $450,000 in the provinces. Now, you then start working backwards. In terms of you're net worth.  Depending on your age, you may not be able to rely on the pension.  Some government will eventually means test it or change the age or cut it back. It's inevitable.  So there's a shortfall you're probably going to have to fill.  KiwiSaver contributions need to go up. And they are. Slightly, from 3 to eventually 4%.  But realistically, we'll need to be doing 10%. And I know people are doing that - who are, even in their 30s, going hard on saving and investing for this express purpose.  So people are planning and working hard. Slogging their guts out. Just being responsible and making sure they can take care of themselves and their families.  Which is why it smacks of entitlement that