Christmas spending could stretch many families this year
Christmas spending could stretch many families this year
19 December 2022
Westpac McDermott Miller Consumer Confidence Index -- released this morning -- show a dramatic 12 point drop in December, to 75.6.
It's the lowest level since the survey began in 1988.
Westpac NZ senior economist, Satish Ranchhod says the widespread high prices for staples like food, will make things tough.
He says a number of households -- especially at the lower end of the income spectrum -- will be squeezed pretty hard.
© 2024 Newstalk ZB, NZCity