New Zealanders collectively have $237.79 billion in housing debt

One in three people strongly believe they deserve to have money to spend because they work hard, yet many are worried about their debt.

The Commission for Financial Capability has surveyed more than 1000 people about their attitudes towards debt for Money Week which starts today.

New Zealanders collectively had $237.79 billion in housing debt and $15.39 billion in personal consumer debt as of June – a record level.

But it appears many are worried about it with half of the people surveyed disagreeing with the statement “I have debt but I don’t really think about it that much.”


Retirement Commissioner Diane Maxwell is worried about how easy it is for people to get into debt. Photo/Supplied