English: we need to become a nation of savers

English: we need to become a nation of savers.What a dreamer. thus could only come out of the mouth of a public servant a greedy discriminator that gets and just got $12.000 + wage rises,, and earns so much above the average wage they have lost touch of the reality. Reality that is life for most New Zealanders. Most ie the majority of Nz ers live on wages below the average wage. and work more then the average day . more than half of that live on half of the average wage or less. and slave and work twice the average day. many are forced into slavery or poverty. barely surviving on a third or less of the average wage. and basically slaving compared to the wages.three times the average days work ,to get it .Only he and his greedy discriminating mates could believe the crap they spiel..Most Nzers can barely afford to survive never mind think about saving.. We would be a nation of savers if we all earned the average wage, or more, for the average days work.Yes most NZ ers can barely pay the taxes and rates in NZ so people like mr English MPS, Councilors all public servants can sponge off the money, and spend the rest on there favorite addiction of the week.Its time all these bludger scrounging public servants were brought back down to reality, with wage cuts to the average wage,, as not one of them deserves or needs one cent more.but then no one does.Everyone does deserve the average wage. there always on about equality, but only for themselves.
Until all have equality untill we have a Government that treats all as equals .Man, Woman ,Married ,singe no matter what race.poverty does not discriminate . we will see more violence against Men and woman more babies and children dieing and crime growing.

Glenn: What Alex said. Capping the interest means I can actually start to pay it back, rather than just covering the interest (barely). Wouldn't have happened under National. Kiwisaver has made saving worthwhile - before it just all went on student loan interest. Now people my age have a slim hope of home ownership one day.

Labour did the following for students:

Put a cap on fee increases, made loans while studying interest free in 1999, made loans completely interest free in 2006, steadily increased the number of people who could receive a student allowance, indexed loan living costs to inflation, increased the number of bonded scholarships, reduced the average time of paying back from eight years to four.

So Guy, what did Labour do in their 9 years to remedy your problem??

I did my education under the National govt, who'd allowed student fees to go from around $1000 or less a year to over $4000; who'd charged interest on loans required to get an education; and failed to account for the (small) increase in average incomes over the preceding years, so fewer and fewer students were able to get an allowance to cover their costs while studying, and had to borrow in order to live (unlike unemployed people).

The fact is there is an entire generation of people who have little chance of getting 20% deposit for a house until they're in their 50s, once their student loans are paid.

I thought you got your education under a labour government Guy?

Surely you aren't trying to blame this government that has been in government for about a week for your life, when labour was in for 9 years?

And I hope you aren't blaming national for banks finally getting back to commonsense?

I could save if the Govt didn't ask me pay $40,000 just to get an education. Now I have to pay what would be a house deposit before I can start saving. Thanks a lot, National.

At the moment you need to earn just $26,000 to get the $20 tax rebate per week - the once new policy is implemented you'll have to earn $52,000. Employers will also be able to deduct their contributions from future salary increases.

It's ironic English is now saying we need to become a nation of savers.

Agree John, this 100% finance that banks have been doing in a number of countries have caused major problems

As for kiwi saver, isn't it great that now more people if they wish can use it. And if you want to invest 4% into it, now you have the choice to do that if you wish.

So the governmet can borrow for its election promises. Now lets see. Some one on 40k can save their tax cut...yea right.

And comming from same group of people who have slashed employer and employee contributions in half to Kiwi Saver.

These people do not know, or even remember what they are doing. Their flip flops show they have no consistancy or direction.