Tumultuous markets have seen thousands of dollars shaved off people's KiwiSaver balances recently.
Wall street plunged into a bear market on Monday. Today the US Federal reserve hiked interest rates three quarters of a percent.
It's the biggest rise in a generation for the US and on the back of inflation cracking 8.5 percent - a 40-year high.
In New Zealand the economy has shrunk, with GDP dropping 0.2 percent in the March quarter.
BNZ head of research Stephen Toplis talks to Lisa Owen.
