Podcasts Other The Mike Hosking Breakfast Steve Jurkovich: Kiwibank Chief Executive on the results of the State of Savings index

Steve Jurkovich: Kiwibank Chief Executive on the results of the State of Savings index

Published: June 11, 2024, 10:46 p.m.

Data suggests many Kiwis are struggling with their savings.\xa0

Kiwibank\u2019s annual State of Savings index has found that 1 in 3 Kiwis would struggle with paying an unexpected $500 bill.\xa0

39% are saving $100 or less a month as the cost of living sucks up their spare cash.\xa0

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.\xa0

He said that people are now six times more likely to say the reason is the cost of living.\xa0

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