If we’re to get real about being an ownership society, we need to set up savings schemes for all New Zealanders. That’s the gist of the fourth and final paper from the New Zealand Institute.
Chief executive David Skilling says “significant, sustained” policy is required to promote asset ownership in this country and that it is “very unlikely to be coincidence” that New Zealand has the most hands-off approach to asset accumulation in the Anglo world and also amongst the worst outcomes in terms of savings and household wealth.
Full copies of the report “Opportunity for lifetime: creating an ownership society in New Zealand” can be downloaded from www.nzinstitute.org/index.php/ownershipsociety/papers
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