A survey suggests people are saving more, but many feel unprepared for retirement.
The KiwiSaver Sentiment Study of 513 working New Zealanders suggests recent economic turmoil has heightened uncertainty.
The study, conducted late last year, found 44% of respondents participate in KiwiSaver, but 49% feel retirement will be less comfortable for them than it is for retirees today.
The head of research company Mercer New Zealand, Martin Lewington, says the economic events of the past two years have provided a reality check for many New Zealanders in terms of how prepared they are for retirement.
But he says those events, and the introduction of KiwiSaver, have prompted people to become more astute over their retirement planning.