Debt weighs heavily on many New Zealanders’ minds, a new survey says.
Retirement Commissioner Diane Maxwell Photo: screenshot
The survey of about 1000 people, conducted by the Commission for Financial Capability, found that more than half those questioned strongly disagreed with the statement: “I have debt but I don’t really think about it that much.”
Debt-to-income levels reached a new record high earlier this year, with the average household owing about 1.7 times what it earned before tax.
Retirement Commissioner Diane Maxwell said New Zealanders were used to being in debt, “but that doesn’t mean we like it”.
The survey also found that eight out of 10 people would lend money to a friend or family member, but only a quar…
Read the full article at: http://www.radionz.co.nz/news/national/337102/survey-reveals-new-zealanders-anxiety-over-debt
