Jenee Tibshraeny: NZ Herald Wellington business editor on the uptick in people withdrawing money from their KiwiSavers due to financial hardship - Heather du Plessis-Allan Drive

An increasing number of people are dipping into their retirement savings to meet soaring living costs.

KiwiSaver members made 18,291 withdrawals worth an average of $7921 over the year, according to new data.

NZ Herald Wellington business editor Jenee Tibshraeny explains why this is happening.

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