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Liam Mason: More people withdrawing money from Kiwisaver
More and more people are dipping into their Kiwisaver accounts in times of financial stress.
People in hardship withdrew more than $100 million last year, an increase of 25 percent on the previous year.
Financial Markets Authority director Liam Mason told Mike Yardley says there's also been a big increase in withdrawals from first home buyers.
"80 per cent increase, over $700 million, over 32,000 New Zealanders got help buying a home."
LISTEN TO LIAM MASON TALK WITH MIKE YARDLEY ABOVE
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By Newstalk ZBMore and more people are dipping into their Kiwisaver accounts in times of financial stress.
People in hardship withdrew more than $100 million last year, an increase of 25 percent on the previous year.
Financial Markets Authority director Liam Mason told Mike Yardley says there's also been a big increase in withdrawals from first home buyers.
"80 per cent increase, over $700 million, over 32,000 New Zealanders got help buying a home."
LISTEN TO LIAM MASON TALK WITH MIKE YARDLEY ABOVE