New Zealand report highlights urban-rural disparity in retirement costs, urging additional savings.

A new report from New Zealand's Financial Education and Research Centre shows significant differences in retirement costs between cities and rural areas. For a two-person household, a 'no frills' lifestyle in a city costs $909.90 weekly, while a 'choices' lifestyle costs $1,739.85, both exceeding the NZ superannuation of $799.18. The report stresses the need for additional savings and regular reassessment of retirement plans, highlighting a shift in planning focus towards Gen X and Millennials.

2 months ago
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