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30 Nov 2021 12:26
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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

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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
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     27 Nov: Omicron: Scientists scramble to unpick secrets of new COVID variant as WHO calls for calm
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     Today's News

    Entertainment:
    Freddie Flintoff has blasted Sir Roger Moore's James Bond as a "creepy old bloke" 12:05

    Soccer:
    All Whites coach Danny Hay claims Oceania Football has robbed his frontline players of the opportunity to represent their country and qualify for the World Cup 11:53

    Law and Order:
    Jeffrey Epstein associate Ghislaine Maxwell's trial begins with opening statements 11:53

    Law and Order:
    An outburst in court as a former Taupo pastor was sentenced to nine months' home detention in Whangarei for sexual offences against young boys 11:53

    Entertainment:
    Don Johnson “hand-raised” dozens of lions and tigers with his ex-wife Melanie Griffiths 11:35

    Entertainment:
    Billy Porter was "incessantly bulled" at school 11:05

    Soccer:
    How Australia voted in the Ballon d'Or: Lionel Messi claims world's best men's footballer for the seventh time, Sam Kerr third in women's award 11:03

    Soccer:
    In his final season with struggling Barcelona, Lionel Messi's individual campaign has earned him a record-breaking seventh Ballon d'Or title for the best player in the world 10:43

    Entertainment:
    Sir Elton John loves playing board games with his sons at home 10:35

    Accident and Emergency:
    One person has been flown to hospital in a critical condition, after their vehicle left the road in the Far North 10:33


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