Cheques and Balances NZ Debt Crisis: Why Half A Million Kiwis Are Behind On Bills | Episode 352
Debt stress is rising across New Zealand and it’s not just mortgages. Over 485,000 Kiwis are behind on bills, with short-term debt spiking and KiwiSaver hardship withdrawals soaring. We unpack what’s driving the pressure: rising living costs, stagnant wages, and an economy that’s leaving more households at breaking point.
Next Steps:If you're unsure how to manage your mortgage in this environment, talk to Lighthouse Mortgages - whether you're refixing, refinancing, or just need a second opinion, the team can help you make a smarter move.
For more money tips follow us on:
The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.