August 24, 2020
lockdown household spending NZ

Spending Habits from the Nationwide Lockdown | Ep. 116

During the nationwide lockdown in March and April 2020, household spending statistically changed! Because we couldn't spend, there was an increase of savings, and in turn, people were able to pay off consumer debts! Kayne zooms with Money Empire Senior Adviser Goran Loncar to talk about the change in spending habits and how it resulted in $1.3b worth of consumer debt being repaid. Imagine the result if we maintained some of those reduced spending habits!