Here's a summary of the article, highlighting the key points about Kiwis' financial concerns and priorities:
Financial Planning Tops the List: Over a quarter of New Zealand employees consider financial planning (budgeting, retirement, investments) the most important benefit offered by employers.
Other Valued Benefits: Additional benefits that rank high for employees include sabbaticals, mental health coverage, and coverage for adult children.
Retirement Worries: Many employees (39%) would save any unexpected windfall for retirement, and 13% worry about running out of money in retirement.
Concern over Future Retirement: A significant portion (28%) are concerned about maintaining their current lifestyle in retirement, and 26% worry about their ability to retire at all.
Financial Strain: Overall, New Zealanders are experiencing significant financial strain, with women, parents, and younger demographics particularly affected.
Key Takeaway: This report underscores the growing importance of financial planning and retirement savings for Kiwis. Employers have an opportunity to address these concerns by offering benefits and resources tailored to financial well-being.
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