Concerns hold fast as the pressures of the cost of living continue to spread.

The latest Centrix Credit Indicator shows non-discretionary arrears are going up, with telco arrears above 10% for the first time in four years.

Managing Director Keith McLaughlin says the number of households behind on utility accounts are up to 4.9%, well up on the last couple of years.

He says we're starting to see those consumers who don't go out and buy things because they can't afford to still getting caught by credit that's not discretionary. 

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Concerns hold fast as the pressures of the cost of living continue to spread. 
The latest Centrix Credit Indicator shows non-discretionary arrears are going up, with telco arrears above 10% for the first time in four years. 
Managing Director Keith McLaughlin says the number of households behind on utility accounts are up to 4.9%, well up on the last couple of years. 
He says we're starting to see those consumers who don't go out and buy things because they can't afford to still getting caught by credit that's not discretionary.  
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...