Financial Strain and Prioritizing Homeownership

The host welcomes guest Steve to discuss the current state of the economy in Aotearoa, highlighting the increasing financial strain on people and the impact on mortgage rates. They also delve into the decline in spending on hospitality and eating out as individuals opt for cost-saving measures like cooking at home. The chapter reflects on past recessions, comparing them to the current economic situation and emphasizing the cautious and proactive approach of banks.