Thinking about emigrating to New Zealand because it’s a great place to raise kids?
Think again because according to Labour’s youth affairs spokeswoman, Jacinda Ardern, more than 70,000 people in the 15 to 24 age group are not at work, or in education or training and youth unemployment is a ticking timebomb.
As far as we know, there are no figures for the number of people in that age group that have left New Zealand to find work, or study abroad.
Read the report here.
For the young people who decide to stay in NZ and study, the average university student’s debt is $16,000 and loans must start to be repaid as soon the borrower reaches a salary of least $19,084. Those who leave the country to avoid making repayments are charged charged interest at 6.8 % PA after six months away. It’s one reason why many graduates don’t return home.
Also, read our Economics and Demographics page – ““Out of a population of 4 million there are 360,000 working-aged New Zealanders on welfare benefits or accident compensation. That’s 12.4 per cent, or one eighth, of all those aged 15 to 64 – up from just 2 per cent a half-century ago. More than a fifth of children (21 per cent) are growing up in benefit-dependent families. More than a quarter of working-aged Maori (26 per cent) are on benefits or ACC.