• Retirement specialists are concerned that falling home ownership rates will undermine the value of NZ Super.

Prime Minister Bill English has announced plans to raise the age of eligibility for NZ Super from 65 to 67 by 2040, while leaving the value of NZ Super the same.

But pensions experts are less concerned about people waiting longer for NZ Super, than the impact on old-age poverty levels caused by falling home ownership.

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ROSS GIBLIN/FAIRFAX NZ
Academic Philippa Howden-Chapman says higher house prices mean young people have a smaller window for getting a mortgage these days.