Nearly 90% of Kiwis confident with money despite a third having no savings
Most New Zealanders feel assured about their financial management, yet significant numbers lack emergency savings.
A survey found that nearly 90 per cent of New Zealanders report confidence in their money management skills. However, a third of respondents have no savings at all. The disconnect suggests that feeling confident about finances does not necessarily translate to sound financial behaviour.
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Nearly 90% of Kiwis are confident with money. So why do a third of us have no savings?
Feeling confident doesn’t actually make you good with money.