Investing In Your Future, Should Retirement Savings Be Compulsory? At the time of the 1996 Census, 12% of New Zealanders were aged 65 or over. This proportion is forecasted to increase dramatically when the “Baby Boom” generation reaches retirement age, with the prospect of superannuitant numbers and the cost of income maintenance doubling in the next 30 years. In the foreseeable future, women and pakeha people will be over-represented among the older population and a large population will live alone or only with a spouse. Retirement is a period in ones life that has eventuated after a lifetime of hardwork and th