Subscribe today - find out more
Why you should consider BusinessDesk
Economy the chart

Savings fall as property wealth balloons

Andy Fyers
Fri, 23 Jul 2021

Increases in spending outpaced income growth, leading to a decline in household savings (Image: Deposit Photos)
Andy Fyers
Fri, 23 Jul 2021
* Correction: An earlier version of this story incorrectly interpreted quarterly household savings figures as cumulative. In fact they show the amount saved in each quarter, not the total level of savings. Household savings returned to pre-covid levels in the first quarter of 2021, after a big increase in 2020.Households earned $199m more than they spent in the three months to March, the lowest quarterly savings total in almost two years.Households are in a position to spend more and save a bit less with more than $12b squirrelled awa...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
The hermit trading nation
Ian McCrae | Sat, 25 Sep 2021

The rest of the world is opening up, and NZ businesses' international customers are getting frustrated. 

Law & Regulation
Deloitte: Why consultants are moving into advertising
Daniel Dunkley | Sat, 25 Sep 2021

The glamorous advertising world looks set for a shake-up.

On the Money
On the Money: Judith Collins, Ardie Savea, NZ's most accessible business leaders, and more
Rebecca Stevenson | Sat, 25 Sep 2021

OTM this week: the parallels between Judith Collins' business and political careers, who are the most approachable business leaders in NZ, which company is holding fire to get personal? And more.

Sponsored
Demand driven change an easier route to carbon reduction

Taking a demand-driven approach to carbon reduction will naturally bring us into line with government targets.

Sponsored
Kiwi security technology leading the world

Businesses must take advantage of our home-grown, world-leading, internationally-valued cyber defence systems to manage risk.