ABSTRACT
The last few years have illustrated very clearly how ordinary people with only limited savings can lose them through unfortunate investment. No one wants to see such stories again. However, it is widely argued that New Zealanders save too little for their future and, when they do save, they appear to put a disproportionate amount in the housing market and less than most other developed countries in the equity market. 2 It may well reduce the rate of return that people obtain on average but it may also slow the rate of growth of the economy.
