Steve Jurkovich: Kiwibank Chief Executive on the results of the State of Savings index
Data suggests many Kiwis are struggling with their savings. Kiwibank’s annual State of Savings index has found that 1 in 3 Kiwis would struggle with paying an unexpected $500 bill. 39% are saving $100 or less a month as the cost of living sucks up their spare cash. CEO Steve Jurkovich told Mike Hosking that historically the reasons people would call up with financial problems are because they lost their job, got divorced, or got an illness. He said that people are now six times more likely to say the reason is the cost of living. LISTEN ABOVE See omnystudio.com/listener for privacy information.