The New Zealand workforce is changing rapidly.
Over the past 20 years there has been a massive 488 per cent increase in the number of those aged 65 years and over in employment, from 23,800 to 139,090, while there has been a mere 7 per cent increase in the number of employed 15 to 24-year-olds, from 324,200 to 347,700.
These trends, which are expected to continue, are having a big impact on the financial positions of our older and younger generations.