Kaumtua face tough financial retirement study finds | Te Ao Tapatahi

Findings from the Te Ara Ahunga Ora retirement commission suggest that the impacts of colonisation, structural inequality and land loss has cause a detrimental effect to Māori retirement.

New research has found widespread disparities in the experiences maori have when they retire retirement commission findings show the impacts of colonization structural inequality and land loss have had a permanent detrimental effect on most comatua maori retirement commission kaihotu aaron thompson from is co-author of one of the papers and she’s with us now ten

Aqua aaron thank you for joining us what was the inspiration and and purpose around conducting this research well every three years the required to conduct a review of retirement income policy and uh part of the current reviewers looking at um the impact of government policy on retirement savings outcomes and experiences of maoria’s treaty partners so we developed

The research project that we’ve called what does retirement look like for maori it takes a broad approach by looking at things like the impact of colonization public policy structural inequality land alienation factors that have shaped the current position for maori um it i mean it measures the impact of those things on the maori population and give some insight or

What we expect for future generations as well and it brings the voice of co-masua to the fore as they share their lived experiences and their aspirations for the future yeah this is incredibly important here and so what are some of the challenges mini combatua are facing and have had to face particularly in their later years we know we know the research research

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To meet their everyday needs compared to 72 percent of of parkahau european ethnicity wow so let’s you know less than half of our population of comas who are who are just getting by we have lower home ownership rates which significantly impacts on their distribution of income they’re likely to be living in a multi-generational environment or spending a lot of

Time with other generations and quite often are supporting as primary caregivers mokopuna or supporting their working children to look after their mokupuna so those are a glimpse of some of the difficulties that komat will face when they have to make decisions about how they spread their retirement income and why do you feel it’s important to better understand

Maori experiences of retirement i think one of the key things um especially that came through in this research is that first of all we don’t really define the word retirement we um instead we talk about the different life stages and the importance and so for us and within the research we saw that komata as a valued stage of life for maori um and i’m saying

That they they themselves talked about um their commitment to their community their hapui and as they retire as they move away from paid employment into a voluntary type space and giving back more to their whanau hapua new week that they’re actually becoming busier than they were when they were working um and um so all of that extra load of uh being a community

Leader or a pillar of support for the whanau uh why is a toll on them yeah well it kind of makes sense um and and that they’re getting busier is interesting what’s being revealed then around measures that might improve outcomes for komatua in retirement or a different stage uh we we’re really fortunate that we’re able to go out and survey um maori and uh had some

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Really strong responses from co mata and one of the things that came through really clearly is to be able to put marty in the position where they can provide by maori for maori solutions to improve uh retirement income outcomes for for us um and in particular there was a lot of corrid or around housing that is accessible that meets the needs of the way in which

We love um that we’re able to access fenua and for those who are away from living away from their fenua that there is uh the possibility for them to be able to develop the kind of type of living um but also um the accessibility around how how we can use our fenua how we can finance developing our fenua all those sorts of things came to the fore uh there were there

Was caught it all as well around how we could prove our um our financial literacy in having more opportunities for financial education um which inevitably would support us to uh give visual tools racing and retirement yeah yeah yeah nicely aaron thompson from tiara hunger order retirement commission thank you so much for your time today

Transcribed from video
Kaumātua face tough financial retirement study finds | Te Ao Tapatahi By Te Ao Māori News