Don't get your fingers burned in a recession

Don't get your fingers burned in a recession
Inflation is eating away people's purchasing power as recession fears loom large. (Image: Getty)
Frances Cook
The possibility of recession is looming ever larger. There are two tactics for your money in this situation: the defensive and the aggressive. But first, the lay of the land. The latest inflation figures were worse than expected, hitting 7.3% for the June quarter, the steepest jump in 32 years. Rent, petrol, and construction costs were key factors driving it up, but another problem noted in the figures is just how wide-ranging the price jumps are.In fact, 66% of all items that Statistics NZ keeps tabs on went up in price in...

More Finance

BNZ whistleblower wins $500k, fights on
Finance

BNZ whistleblower wins $500k, fights on

 Melissa Bowen had sought more than $3 million after she lost her job at the bank.

UPDATED: ASB, ANZ offered settlement in class action stoush
Finance

UPDATED: ASB, ANZ offered settlement in class action stoush

ANZ immediately rejected the offer as a "stunt".

Pattrick Smellie 16 Jul 2025
Aussie fintech InDebted buys NZ firm Debtworks
Finance

Aussie fintech InDebted buys NZ firm Debtworks

Debtworks’ 44 staff will be absorbed into InDebted and clients will be carried over.

John Anthony 14 Jul 2025
Auckland Future Fund to announce global manager
Finance

Auckland Future Fund to announce global manager

Goodbye term deposits, hello diversified global equities. 

Oliver Lewis 11 Jul 2025