New data shows that more Kiwis will have to take on debt ahead of this coming Christmas season.

A nationwide survey by MYOB showed 35 percent expected to feel financially better off in a year's time, while 38 percent expected to be about the same, and 24 percent believed they would be worse off.

Personal finance expert Mary Holm says more Kiwi households will be struggling to afford presents for their kids, but there are workarounds.

"There's buying only op-shop gifts or second-hand books, which could be quite fun, going and rummaging around bookshops to find the right gift for people."

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New data shows that more Kiwis will have to take on debt ahead of this coming Christmas season.
A nationwide survey by MYOB showed 35 percent expected to feel financially better off in a year's time, while 38 percent expected to be about the same, and 24 percent believed they would be worse off.
Personal finance expert Mary Holm says more Kiwi households will be struggling to afford presents for their kids, but there are workarounds.
"There's buying only op-shop gifts or second-hand books, which could be quite fun, going and rummaging around bookshops to find the right gift for people."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Mary Holm: personal finance expert on the growing number of Kiwis facing financial pressure this Christmas

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1d80d30c-bbbc-4387-a9ee-b39a0064d12b/transcript

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