Over 300,000 New Zealanders owe more than they own – is this a problem?
- Written by Max Rashbrooke, Research Associate, Institute for Governance and Policy Studies, Te Herenga Waka — Victoria University of Wellington
ShutterstockNew Zealanders, like many of their developed country counterparts, have built up significant debts in recent decades. There are differing views, however, on whether this constitutes a problem.
For some, indebtedness indicates a precarious situation – often described as being “underwater” – in which a person is...
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