How Low Interest Rates Are Affecting Retirees and Savers

For many older New Zealanders, savings and term deposits are a key part of financial security. But with interest rates remaining low, retirees are finding it harder to get the returns they rely on to cover everyday expenses.

This can make budgeting and maintaining a comfortable lifestyle more challenging, especially as living costs continue to rise. Some are exploring alternative ways to make their money work harder, but that can come with extra risks.

It’s a reminder of the financial pressures that many in our community face, and why planning and advice can be so important.

Read the full article on Stuff →
Lower rates hit retirees, savers hard (Stuff)