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Old 20th May 2009, 00:40
  #37 (permalink)  
skol
 
Join Date: May 2005
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Quite possibly, doesn't make any difference, I said that financial difficulties were common in society at the moment and for some it's financial ruin.
Greed flourished over the last few years and many borrowed and lived beyond their means, they still have to pay it back.
I'm not just referring to aircrew, it's a worldwide phenomenon, millions of people around the world are in negative equity for example, the mortgage exceeding the value of the property, making it impossible to sell unless you can afford the loss.
Few super schemes are ahead in the last financial year and who knows how those that joined Kiwisaver have fared-depends on which scheme they chose to deposit their funds.

Those with more money like those who remained after 65 may have more to lose. Who knows, they're not going to tell you.

I was reading in the Wall Street Journal yesterday that the richest americans are down an average of 30%.
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