Art & Entertainment | Book Reviews | Education | Entertainment Video | Health | Lifestyle | Sport | Sport Video | Search


Avoid the Poverty Trap in 2009

Go Easy on the Plastic and Hire Purchase and Avoid the Poverty Trap in 2009

The Salvation Army is urging families to lay off the plastic during the post-Christmas sale period as it prepares for growing demand on its budgeting services and food banks next year.

Salvation Army social policy spokesman Major Campbell Roberts says with the expectations of further job losses and a likely rise in the cost of rental housing next year, he hopes families will take a conservative line on debt this summer.

“Unmanageable debt levels are the key precursor to poverty for many of the families coming to The Salvation Army for food, emergency housing or budgeting advice and is also often a factor in domestic violence,” he says.

Households have begun to cut back on their borrowing, but the situation is far from reassuring, Major Roberts says.

In September, households owed $13 billion in consumer loans – some of it secured against their homes – and almost $5 billion on their credit cards. This month, credit agency Veda Advantage reported a 20 per cent jump in the past year in people filing for personal bankruptcy or the recently introduced alternative “no asset procedures”.

“We’re asking families to be prudent in the face of economic uncertainty and to avoid credit card debt, personal loans and especially loan sharks when making retail purchases, Major Roberts said.

“Adults who make unwise spending choices can result in more children living below the bread line, and we already have 200,000 kids living in poverty in New Zealand.”


© Scoop Media

Culture Headlines | Health Headlines | Education Headlines

NZ's First Male IAAF Gold: Tom Walsh's Historic Shot Put Victory

Although feeling very sore but with a great feeling Tom Walsh took his place as number one on the victory dais to receive his much deserved gold medal. More>>


Scoop Review Of Books: Q&A: Hard To Find Books

"Unfortunately we are in crisis and this friendly dinosaur faces extinction… Our only hope is to try and raise funds to buy the building and restore it to its glory, either fully funded or with a viable deposit." More>>

Kid Lit: Lost Mansfield Story Discovered At Wellington Library

Previously undiscovered letters and a story written by a young Katherine Mansfield were recently unearthed in Wellington City Library’s archives by a local author researching a book about the famous writer. More>>

Howard Davis: The Takács Quartet

With a repertoire that spans three centuries of classical masterpieces and contemporary compositions, the Takács Quartet has an international reputation for its delicate artistry and technical virtuosity. More>>

Howard Davis: A Doll's House at Circa

Henrik Ibsen (1828-1906) is considered to be one of the founders of theatrical Modernism and is often referred to as "the father of realism" in the European tradition. More>>

Howard Davis: Redmer Yska's A Strange Beautiful Excitement

Wallace Stevens said that "a vocation recognizes its material by foresight" ... Redmer Yska might find the comparison immodest, yet in his own way he has done something similar.