The New Zealand government’s Commission for Financial Capability (CFFC) has reported that a survey of 3,000 people, conducted in April, found 34 per cent of households were in “financial difficulty.”
A further 40 per cent were “at risk of tipping into hardship.”
The survey was part of a study involving eight countries.
New Zealand ranked worse than the UK and Norway, where 28 per cent and 8 per cent of respondents respectively were in “financial difficulty.” Other countries have not yet reported their results. Continue reading