Mike's Minute: We need to understand debt better

There is a growing idea in economic circles in America that young people might never own anything.

It's based on the recent news that a new car average price cracked $50,000 for the first time.

It was added to by Trump's idea that we have 50-year mortgages.

Professor Robert MacCulloch: The NZ Treasury's Lack of Imagination Threatens our Future...

The NZ Treasury's Lack of Imagination Threatens our Future. It has no faith in Economic Magic (Einstein did).

Our Treasury is at it again. Telling Kiwis a bleak future awaits them, especially in retirement. Its latest report about how NZ Demographic Change will affect the Country's Finances is enough make the PM's eyes glaze over, Finance Minister Willis fall asleep, NZ First leader Peters to press Delete on his laptop & everyone else to take anti-depressants. Though NZ won the Americas Cup with a boat called Black Magic & we've a radio station called Magic FM, Treasury's having none of it.