Financial mentors report rise in unrecognised debt among Kiwi households
Financial mentors are seeing more borrowers accumulate debt without recognising it as such, amid significant household financial hardship.
Financial mentors working with households are noting an increase in debt that borrowers don't recognise or acknowledge. Experts say the level of financial hardship facing New Zealand households is unprecedented. The issue reflects broader struggles many Kiwis face in managing their finances during economic pressure.
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NZ Herald
Expert says ‘there is no comparison’ to financial hardship Kiwi households are facing – The Prosperity Project
Financial mentors are seeing an increase in debt that borrowers don't recognise as debt.