More than 9,000 individuals over 65 earn over $200,000 annually, with an additional 33,000 earning between $100,000 and $200,000, prompting the Retirement Commissioner to question their eligibility for NZ Super. The 2023 Census revealed an increase in workforce participation among those aged 65 and older, rising to just over 24%, with the most significant growth in the 70 to 74 age group.
Explain It To Me Like I’m 5:
Some older people are earning a lot of money, and now we are thinking about whether they should still get special money from the government for being retired.
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