Sometimes I think different parts of the NZ government live on different planets. One part is always warning of the risk to the economy of New Zealanders’ high level of indebtedness. We’re told we’re deeper in debt than almost anyone else in the world: Fitch Ratings (whoever that is) reports that this country has one of the world’s highest household debt levels, at 93% of GDP. Save or spend? By the same token, we’ve also been told time and again that we need to save more. Consumer advocates urge us not to… Read More