Herald article on the Commission for Financial Capability report
May 27, 2020
The devastating impact of COVID-19 on New Zealand’s finances is already starting to show with 10 per cent of New Zealand households already missing a rent or mortgage repayment and 34 per cent facing financial difficulties. (The research was carried out in April 2020.)
COVID-19 seriously affect the financial security of New Zealanders
The Commission for Financial Capability surveyed 3,085 people on how their personal and household finances were affected by the COVID-19 pandemic. They were asked about their income, payment of bills, borrowing, debt, savings and ability to pay for other essentials such as food. This questionnaire was designed the University of Bristol and distributed to eight countries. The New Zealand fieldwork took place between 14-28 April 2020.