Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

NZ would rather talk politics, drugs or alcohol than money

New research shows that most New Zealanders would rather talk about drugs, alcohol and politics than money, and many don’t talk about money at all with their family, friends and colleagues.

A survey by the Commission for Financial Capability (CFFC) for its annual Sorted Money Week, running from September 9-15, showed that money topics such as debt, saving and mortgages came a poor second to alcohol, politics and drugs as conversation starters.

Among friends, 35% would rather talk about alchol, 31% about politics and 25% about drugs compared to KiwiSaver (26%), saving (24%) or debt (21%).

Parents would rather cover drugs (26%) and alcohol (27%) than tell their children how much they earned (14%) or talk about the risks of personal loans (12%).

Between partners, planning for retirement was one of the least discussed topics (38%). Even adult children would rather talk to their parents about politics (23%) than planning for retirement (16%).

Out of a list of 10 money topics that also included KiwiSaver, credit cards, budgeting and bills, 31% of parents ticked ‘none of the above’ as topics they discussed with their children. Among friends, 34% said they never discussed those issues, 42% of adult children never discussed money with their parents, and 56% of workers said money was off limits among colleagues. Perhaps suprisingly, 58% of respondents said they did not discuss with their partner how much they earned.

Sorted’s Managing Editor, Tom Hartmann, says the theme of this year’s Money Week, Now We’re Talking, aims to encourage New Zealanders to open up and start those tricky conversations.

“Not talking about money can be a source of stress, anxiety and unnecessary problems for many people,” says Hartmann. “Personal finances are intertwined with our relationships – how we handle money affects those around us, and vice versa.”

When asked why people didn’t like talking about money, the most common answer was that it wasn’t an accepted topic of conversation. Other reasons were fear of judgement, worrying that people might ask for money, partners having different views of money, and wanting to protect children from money worries.

Hartmann says the first step in dealing with money problems is to share them, and talking about money helps us to set goals and plan how to reach them.

“Children start to form their attitudes and habits around money from the age of seven, so the sooner we start to talk to our kids about money the better,” says Hartmann.

For couples, getting on the same page about money can help lift the weight of trying to deal with problems alone, and empower them to plan their future in a constructive way.

Sorted’s website moneyweek.org.nz has tips for how to start money conversations with children, partners, friends and colleagues, plus links to all of Sorted’s guides and tools.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Campbell on: the local body election result in Wellington

For obvious reasons, politics is more of a big deal in the capital city than anywhere else in the country. Even so, fewer than four in ten eligible voters bothered to vote in Saturday’s local body elections in Wellington (turnout 39.66%).

Even less was felt to be at stake this time around than in 2016, when 45% of the electorate voted Justin Lester into the mayoralty.

To put it mildly, the Lester-led Council failed to live up to expectations. Lester will be remembered mainly for the fact that somehow, he managed to lose this election. . More>>

 
 

Could Do Better: Post-Sroubek Review Of Deportation Info

Ms Tremain acknowledges that the review highlighted some aspects of the process that can be improved and makes five main recommendations to strengthen the existing processes for preparing files for decision-makers. Those recommendations are: More>>

ALSO:

Gordon Campbell: On A New Book On The Leaky Homes Scandal

We all know that journalism is short of cash and under pressure from the speed, brevity and clickbait pressures of the 24/7 news cycle… but hey, given the right subject and a sufficiently stubborn journalist, it can still surpass most of the works of the academic historians... More>>

Regulation: Review Finds NZTA Road Safety Failings

The independent review, carried out by consultant agency MartinJenkins, lists at least 10 reasons for the failures including the agency being focused on customer service at the expense of its policing functions. More>>

ALSO:

Rod Carr: Climate Change Commission Chair-Designate Announced

Climate Change Minister James Shaw has today announced the appointment of Dr Rod Carr as Chair-designate for the Climate Change Commission. More>>

ALSO:

Compliance Complaints: 'Putting Right' Holidays Act Underpayment In Health

The Government is putting right a decade’s worth of underpayment to nurses, doctors and other health workers, says Health Minister Dr David Clark. More>>

ALSO:

IPCA: Disasterous Police Pursuit, Excessive Use Of Dogs

At no stage did Police follow the correct procedure for the commencement of a pursuit... A Police dog handler used his dog to help with the arrest of two of the young people. One suffered injuries resulting in his hospitalisation, and the Authority found that the use of the dog was an excessive use of force. More>>

ALSO:

‘Hard Place To Be Happy’: Report On Youth Residential Care

Children’s Commissioner Andrew Becroft says the report, A Hard Place to be Happy, contains important challenges from children and young people, aged 9 to 17, about their experiences in care and protection residences. “I found this report extremely difficult to read, and I think most New Zealanders would too.” More>>

Africa And Middle East Refugees: 'Family Link' Restriction Removed

The founder of the Double the Quota campaign has applauded the coalition government for Friday’s announcement that a discriminatory policy would be removed. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels