Poll result: 92% see a savings problem

Poll result: 92% suggest ways to fix a savings problem with 33% picking a tax break on term deposits

6th Dec 10, 8:00am by Bernard Hickey

Here are the current results for our latest poll, which asked the question: How should NZ improve its savings rate and economic growth rate to solve its foreign debt problem?

Here are the results in order of popularity. There were 330 votes.

1. Encourage foreign debt repayment via NZ's banks by encouraging term deposit saving through tax breaks. 33% (110 votes)

2. All of the above. Let's get serious about saving. 28% (92 votes)

3. Discourage investing in property through a capital gains or land tax while encouraging investing elsewhere. 17% (57 votes)

4. Force a higher savings rate by making KiwiSaver compulsory. 10% (32 votes)

5. None of the above. We don't have a savings problem. Our houses are worth plenty. We'll live off them in our old age. And rely on the Aussies to save us. 8% (25 votes)

6. Increase taxes on spending by increasing GST and using the tax revenues for tax breaks on savings. 4% (14 votes)

The poll remains open. Click here to vote if you haven't yet.

The new poll is: What do you think the Reserve Bank should, rather than will, do with the Official Cash Rate at 9am on Thursday? Click here to vote.

See all our previous polls

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1 Comments

by Patricia | 6th Dec 10, 12:08pm 1291590525

Oh super . 33% think that we can have foreign debt repayment via NZ's banks by encouraging term deposit saving through tax breaks. The banks's shareholders will be rubbing their hands with glee. The fact that only Superannuitants, (even after all the money they have lost from investing in the Finance companies) have enough money to put on term deposit is irrelevant. They are among the few who vote. And John boy wants to give foreigners a tax break to encourage them to put their money here. Everything is so short term I am starting to wonder if there is a conspiracy to make things so bad here that the IMF is brought in and then National will be able to implement all the free market rubbish they want.