Many New Zealanders are struggling to make ends meet, with one-in-ten living beyond their means and one-quarter of buy now, pay later (BNPL) users putting their purchases on a credit card, according to Consumer NZ.
Gemma Rasmussen, a spokesperson for Consumer NZ, also said 40 percent of people are reporting no savings or were “deeply anxious” about the amount of savings they had in the bank.
“So people, a lot of people out there are really concerned right now,” she told 1News.
Consumer NZ, an independent source of consumer information, looked into how Kiwis were handling the rising cost of living by focusing on debt levels….