Money Mail 83 - Huge pay cuts for a number of Kiwis in 2022

The pay decrease - the increase in interest paid to the bank leading to less money left in the household for spending. Kiwis are obsessed with ‘locking in’ the best interest rate and playing the ‘will they go up or down’ game. In 2022 this means billions & billions (fair bit more than lotto) of dollars of debt will roll off their current locked in interest rates.Hey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! Make sure you’re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let’s get on with it. Find us here:@keepthechange_nzhttps://www.keepthechange.co.nz/ Hosted on Acast. See acast.com/privacy for more information.