More than half of New Zealanders say they're starting to sink when it comes to money.

Fresh data collected by the Retirement Commission, shows 55 percent are having a hard time with their finances, up 17 percent from 2021.

However, Sorted Personal Finance Lead Tom Hartmann told Kate Hawkesby the research also shows more people are starting to focus on positive money management skills.

He says more people are considering purchases before they buy, which will help get through this financial rough patch. 

LISTEN ABOVE

More than half of New Zealanders say they're starting to sink when it comes to money.
Fresh data collected by the Retirement Commission, shows 55 percent are having a hard time with their finances, up 17 percent from 2021.
However, Sorted Personal Finance Lead Tom Hartmann told Kate Hawkesby the research also shows more people are starting to focus on positive money management skills.
He says more people are considering purchases before they buy, which will help get through this financial rough patch. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.