A new survey suggests New Zealanders are still very much feeling the effects of the cost-of-living crisis, with 55% worrying about money daily or weekly.
The Financial Services Council has released its annual Finance Resilience Index, which measures financial confidence, literacy, preparedness, job security and wellbeing.
The council’s chief executive, Kirk Hope, told Nadine Higgins on The Prosperity Project podcast that while some of those metrics have improved slightly, with 30% of people reporting their savings would last less than a month if they lost their job, “there’s not a lot of resilience in the system”.
Fewer people are worried about house prices, inflation and interest rates – but at the same time, fewer people feel prepared for retirement, financially confident, and secure in their jobs.
Source: NZ Herald
