What The June Credit Data Says w Mikey Smith
Keep The Change
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The Cost of Living Challenges for Kiwis
The number of people that are behind on their payments has risen to 426,000 up 15,000 month on month sharp increase in the number of unsecured loans falling into arrears mortgage delinquencies rise to what a word rise to the highest level since March 2020. More consumers face cost of living challenges now as we're in a time where Historically with lower inflation when things start getting ugly you're getting smashed by interest increasing in your income not Increasing fast enough to be able to cover that but you're getting double smacked at the moment because you might be getting a pay rise But you're drifting into high tax brackets as well those haven't been adjusted so then you lose your food to
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