Households lose $47b in net worth as spending outpaces income
NZ households spent $479m more than they earned, losing $47b in net worth in June quarter.
AdvertisementAdvertise with NZME.
Latest fromCost of Living
'Double whammy': OCR cut delivers mortgage relief but potential job losses dampen mood
Interest rates are now expected to drop steeply into the new year.
Editorial: Wellington quake shows WFH still needed
OPINION: In a shaky city, resilience and adaptability is key to remain productive.
Chorus of OCR cut cheer drowns out message of tough times ahead – Liam Dann
OPINION: Central banks don't slash rates unless economies are in serious trouble.
How are retailers reacting to the OCR decision?
Retailers have shared their excitement about the OCR cut right in time for Christmas.
Great Resignation no more: More Kiwi workers look for stability amid rising unemployment
Less Kiwi workers intend on changing their jobs in the next 12 months.
'Brighter days ahead': Reserve Bank cuts OCR by 50 basis points to 4.75%, banks cut interest rates
Future changes to the OCR 'would depend on its evolving assessment of the economy'.
Star backing: Cliff Curtis gets on board with build-to-own newcomers Bloxx
Is build-to-own the solution to unaffordable housing?
How much will school holidays hit your pocket?
Hanging out with the kids? For some Kiwi parents, school holidays do not come cheap.
Food insecurity is a national emergency - Opinion
There are 1.4 million meals that we won’t be delivered.
‘End of an era’ - Winstone Pulp International closes after 45 years
Long-time workers head off to other regions and new jobs.
Business leaders’ optimism hits highest level since 2016
Despite optimism, many business leaders caution the journey to full recovery is not over.
Top issues facing nation - Chiefs have their say
Survey respondents comment on the top issues and how they would resolve them.
KiwiSaver, NZ Super Fund role grows in retirement savings debate
The NZ Super Fund hits $76b and KiwiSaver now has 3.25 million members.
Inside Economics: One cut or two ... will the RBNZ reach for the big bazooka?
OPINION: A move in China might be the best news New Zealand's economy has had all year.
Sir Ian Taylor: An open letter to the PM on Dunedin Hospital and the future of healthcare
OPINION: Playing one region off against another is cheap politics.
Opinion: The teacher shortage solution is staring us all in the face
OPINION: Teaching is a fabulous occupation and nothing has changed.
Economic challenges still weighing on Kiwi households and businesses
Households continue to face challenges when it comes to credit arrears and repayment.
Opinion: Wellington government job cuts have compounded the hurt across the community
OPINION: Businesses are scaling back and dipping into their reserves.
App allows people to buy food cheap before it's thrown away
Cafes can retain some value in products that would otherwise get thrown away.
Opinion: Why education needs investment in NZ
OPINION: NZ must sort out domestic education to ensure a supply for the workforce.
Trumponomics: The radical plan that would reshape America’s economy
Financial Times: Critics warn bid to boost manufacturing could cause tensions.
Wellington mayor backtracks on claim she sold car to pay her bills
Tory Whanau says she sold her car because she no longer needed to drive in Wellington.
Liam Dann: NZ’s GDP per capita problem is about to solve itself – that’s not good news
NZ faces a long stint of low growth unless we shift the dial on migration or productivity.
Matthew Hooton: This Govt is distracted on economy – and bigger problems loom
OPINION: The average four-person household is $1600 a month worse off than in mid-2022.
Editorial: Wellington Mayor Tory Whanau's financial admission fails to relate
OPINION: Whanau selling her car to help pay the bills was surprising, but not relatable.
Six-figure incomes not enough to stop money woes for Kiwis
Wellington mayor Tory Whanau isn't the only high-earning New Zealander under pressure.
Tory Whanau on the cost of living crisis
Wellington Mayor Tory Whanau says she is feeling the cost of living crisis. Video / Mark Mitchell
Cost-of-living crisis: 21 ways even the rich are feeling it – Kim Knight
OPINION: Nobody is immune to rising prices. A humorous look at a humourless situation.
Shane Te Pou: Time for Hipkins to spring into action
OPINION: Hipkins needs to quickly get his caucus and party onside, then travel the motu.
Sweet as ... no? Chocolate set to get more expensive
There is a warning worse may be to come.
Chris Smith: The solution to our broken home-buying model
OPINION: The banking system is working for shareholders and against consumers.
Soaring chocolate and olive oil prices push annual food price inflation up
Selected price index data shows overall inflation pressure continues to ease.
Are you better off than your parents were?
Inflation has pushed up many costs in recent decades.