National recently announced an election policy of raising the age eligibility to NZ Superannuation to 67.
Labour’s immediate response was to say that they’ll keep at 65:
Here’s the thing. It’s not like National’s policy is pulling the rug out from the under the feet of people here expecting the retire in a couple of years. National’s policy doesn’t take effect for another twenty years.
Twenty years. That’s so far in the future that for most people it doesn’t really warrant serious consideration, in terms of what career decisions they make or where they buy their house.
The discussion has been framed as a baby boomers vs millenials thing – but this policy really doesn’t affect baby boomers. Baby boomers will be well into their 80s by the time this policy takes effect.
This really affects generation X – people who are about 40 now – or the children who were born to baby boomers who were about 30. (These generational categories are awfully grey, but assume that baby boomers were born 1945-1955).
Perhaps this policy is just clever politicking by National. They harness the baby boomer resentment by announcing a change to the pension, while not actually doing anything.
If anything – it’s Labour that fumbled this one – allowing National to frame the political divide, while Labour is firmly in a reactionary position.