Martin Hawes: Higher earners increasingly seeking budgeting help

Queues at budgeting services are getting longer, and financial advisors are finding households with increasing incomes are seeking help.  Kiwis with a household income of over $200,000 a year and likely with a mortgage are struggling to make ends meet.  It feels like it was only a few years ago that being on a six figure salary meant you were fairly well off, but it seems it's barely enough to get out of living paycheck to paycheck these days.  So what actually is a liveable wage these days? Do we truly need to be making half a million a year just to pay our bills and still have a bit left over for savings and fun?  LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. See omnystudio.com/listener for privacy information.