The quarterly ASB KiwiSaver Survey has found 20% of respondents strongly disagree with the Government’s proposal to gradually increase the age of eligibility for superannuation from 65 to 67 by 2040.
This compares to only 11 % that strongly agree.
In between these strong views, 28% are neutral, with others agreeing and disagreeing less strongly (see table below).
It is ASB’s first KiwiSaver survey since Prime Minister Bill English announced the proposal to raise the age for state superannuation, from 65 to 67, in gradual steps between 2037 and 2040.
ASB asked how strongly people agreed or disagreed with this proposal to gauge opinion in the lead-up to the September election.
ASB senior wealth economist Chris Tennent-Brown says surprisingly, the strongest disagreement comes from those in older age groups who are closer to retirement and would not be impacted by the proposed change.
ASB found 27% of people aged 50-59 strongly disagreed with the proposed change, and only 9% agreed.
In contrast, 16% of respondents aged under 39 strongly disagreed, and 7% strongly agreed.
“The variance by age group is interesting. But I think it shows people are answering the question realistically, rather than selfishly,” Tennent-Brown says.
“There also seems to be a large group of people who are sitting on the fence (28%). The survey highlights the wide range of views on the issue and it will be interesting to see if the retirement age debate comes up again during the election campaign.”