Can KiwiSaver save the economy? Actually, yes
In reading economists’ predictions for our economy, one thing seems to be overlooked, or underappreciated: the impact of KiwiSaver.
This is not economists' fault, they are paid to predict the next quarter, not the next 20 years. And they tend to think of KiwiSaver money as just another pool of investment savings.
But it’s not. Every dollar of KiwiSaver savings invested in our economy is probably more valuable than any other.
Why? As Sam Stubbs explains KiwiSaver has several unique characteristics that make it investment gold.
Read the full article on Stuff.