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29 Nov 2021 22:07
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  •   Home > News > Business

    Young people have been New Zealand's best savers through lockdown

    Young people have been New Zealand's best savers through lockdown


    A survey of half a million ASB customers shows increasing average cash balances since lockdowns began in 2020.

    It's contributed to a six percent increase in overall financial wellbeing.

    ASB Chief Executive Vittoria Shortt says average cash balances of 18 to 24 year olds rose 600 dollars ... or nine percent ... in September.

    Across the same period. all other age groups had an average about five percent lift.

    © 2021 Newstalk ZB, NZCity

     Other Business News
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     29 Nov: A New Zealand Initiative report warns change in literacy education is needed to avoid failing further generations
     29 Nov: A new Covid-19 variant is likely to have an impact on our share market once it resumes at 10am
     28 Nov: Price hikes and fake sales have risen in Black Friday offerings
     27 Nov: Omicron: Scientists scramble to unpick secrets of new COVID variant as WHO calls for calm
     27 Nov: World Rugby's eligibility rule change is set to bring financial relief for Pacific Island unions
     Top Stories

    RUGBY RUGBY
    Warren Gatland's not getting caught up in the suggested demise of southern hemisphere rugby two years out from the next World Cup More...


    BUSINESS BUSINESS
    A final cash injection for hard hit businesses transitioning to the traffic light system.. More...



     Today's News

    Environment:
    The traffic light levels starting countrywide from Friday have been announced 21:53

    Entertainment:
    Sheridan Smith has six donkeys 21:35

    Rugby:
    Warren Gatland's not getting caught up in the suggested demise of southern hemisphere rugby two years out from the next World Cup 21:13

    Entertainment:
    Gwen Stefani and Gwen Stefani celebrated their "first married Thanksgiving" in Oklahoma on Thursday (25.11.21) 21:05

    International:
    The Loop: Lots of questions about Omicron, what we know about proposed anti-trolling laws and best-behaved schoolies 'ever' 21:03

    Entertainment:
    Simon Cowell thinks his e-bike is “brilliant”, despite breaking his back on one last year 20:35

    Living & Travel:
    Australia's fashion industry mourns Louis Vuitton designer Virgil Abloh 20:13

    Entertainment:
    Mike Tindall called his son’s christening “a lovely day” 20:05

    Entertainment:
    Dame Diana Rigg was "not scared" of dying 19:35

    Entertainment:
    The seven original adult cast members of 'This Is Us' have received a $2 million bonus 19:05


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