Each quarter the IRD release information about how many people owe them money and how much. If you've been listening to KTC for some time you'll know what I often refer to this as the data worth looking at because no one writes or talks about this. But it shows us how businesses are going out there in the economy. One of the interesting statistics is that 551,000 people owe the IRD. The number of customers with debt increased from 436 thousand in March 2023 to 551 thousand in March 2024. So, how did that happen so quickly? I don't know for sure, but this is my theory...and it impacts you!

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