New Zealanders more financially confident, though not always better off
New Zealanders are feeling more financially confident, but that confidence does not always translate into being better off, according to a new survey. The findings point to continued pressure on household budgets.
A new survey has found that New Zealanders' confidence in their finances has risen, but that this confidence does not always translate into a real improvement in wealth. According to RNZ, the findings highlight a gap between perception and actual income.
While a significant share of respondents said they felt more secure, pressure on household budgets was reported to persist. The cost of living and housing expenses are among the main concerns.
Experts say the rise in confidence could influence spending and saving decisions. Whether the economic recovery is durable will be better understood through income and employment data due in the period ahead.
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