The Child Poverty Reduction Minister attributes stagnant progress to tough economic conditions. 

Annual figures to June show no real change since 2018, despite a cross-party commitment to halve the rate by 2028.

More than 143,000 children are estimated to be living in material hardship. 

But Minister Louise Upston says a growing economy will start to help. 

"For some families, the cost of living is still affecting them. The OCR drop yesterday - it takes a while for that to flow through and for families to really feel it."

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The Child Poverty Reduction Minister attributes stagnant progress to tough economic conditions.&nbsp;
Annual figures to June show no real change since 2018, despite a cross-party commitment to halve the rate by 2028.
More than 143,000 children are estimated to be living in material hardship.&nbsp;
But Minister Louise Upston says a growing economy will start to help.&nbsp;
"For some families, the cost of living is still affecting them. The OCR drop yesterday - it takes a while for that to flow through and for families to really feel it."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Louise Upston: Child Poverty Reduction Minister on the Government failing to meet targets for reducing child poverty

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e278dbaf-888a-49fa-b676-b28a00577d31/transcript