The latest Financial Resilience Index released by the Financial Services Council (FSC) today shows concerns about the NZ economy, inflation, house prices and interest rates.
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.
This most recent report also asked respondents about house prices, interest rates, inflation and how confident they were in the New Zealand economy.
Some key findings from the report:
- 43% reported being somewhat or very unconfident in
the NZ economy.
- 68% reported being concerned about house prices
and 65% concerned about interest rates.
- 79% reported being concerned about inflation.
- 40% reported being negatively financially impacted
by Covid-19.
- Most employed New Zealanders have less than 6
months’ worth of expenses saved, and 2 in 5 would be
unable to access $5,000 if something unexpected were
to happen
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