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More than Half of New Zealanders Struggling Financially, New Research Shows

More than Half of New Zealanders Struggling Financially, New Research Shows

Recent research conducted by Te Ara Ahunga Ora Retirement Commission reveals that 55% of New Zealanders are facing financial struggles, marking a 17%

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Recent research conducted by Te Ara Ahunga Ora Retirement Commission reveals that 55% of New Zealanders are facing financial struggles, marking a 17% increase compared to February 2021. The survey, which aims to gauge people’s sentiments about money and coping strategies, also highlights the disproportionate impact on certain groups. Women, Mฤori, and Pacific Peoples are experiencing higher levels of financial difficulty, with 61% of women, 60% of Mฤori, and 58% of Pasifika reporting struggles. The research suggests that financial stress is not only affecting financial wellbeing but also influencing relationships and social choices. The findings underscore the importance of seeking help and developing money management skills to mitigate the impact of cost of living pressures.

More info :https://retirement.govt.nz/news/latest-news/new-research-reveals-more-than-half-of-new-zealanders-are-struggling-with-money/

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