Pensioners getting 12.4% more in real terms

Those living on NZ Superannuation do very well when you have low inflation but increasing wages – as NZS is linked to the median wage.

In the eight years since April 2008, the net rate of superannuation (for a single person alone) has gone from $285.87 to $384.76 – an increase of $100 a week.

This is a 28.4% increase. Inflation has been 14.2% so the real disposable income of someone on superannuation has increased 12.4%.