Financial Resilience Index June 2021

1 min read
June 1, 2021

The latest Financial Resilience Index released by the Financial Services Council (FSC) today shows that 12 months on, Covid-19 continues to affect our wellbeing – and that of younger New Zealanders in particular.

The Financial Resilience Index is a major tracking survey of New Zealanders’ views on five key financial resilience indicators: financial confidence, financial literacy, financial preparedness, job security and wellbeing.

“The impacts of Covid continue to be felt as New Zealanders adapt to a new reality. We survived Covid but it has come at a cost, especially for younger Kiwis,” says FSC CEO Richard Klipin.

Listen to Richard speaking with RNZ's Philippa Tolley about the research below:

Read the media release.

Read the research report.

For all media enquiries, please contact:

Richard Klipin
Chief Executive Officer
Financial Services Council of New Zealand 021 0233 5414 or richard.klipin@fsc.org.nz

 

About the research

The research was conducted via an online survey developed and hosted by CoreData. Data was collected between 15 April and 26 April 2021. A total of 2,035 valid complete responses were collected, which formed the basis of the analysis and the report. The sample is representative of the New Zealand consumer population in terms of age, gender and income based on the latest Stats NZ data. According to Stats NZ1 in March 2021 there was an estimated resident population of 5,116,300. As this survey only included respondents aged 18 years old or over, the estimated resident population of the sample is 3,944,700. The purpose of this survey was to understand how financially confident and the financial wellbeing of New Zealanders.