Sat 1 Aug, 2009
Beyond Reasonable Debt Part 2
The extent to which financial behaviour can explain over-indebtedness amongst New Zealand families
The Families Commission and Retirement Commision have jointly released this second report on debt.
Click here to read this report online
The study found that financial behaviour (notably not saving and living pay-to-pay ‘most' or ‘all' of the time) can increase the likelihood of a family experiencing over-indebtedness by more than 20%, holding family and financial circumstances constant.
