Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Financial education welcomed in Pacific communities

Financial education welcomed in Pacific communities 

The Pacific Families and Problem Debt Report, released by the Families Commission today, examines the impact high levels of debt are having on Pacific families and communities.

The research, conducted in conjunction with the Families Commission and the Ministry of Pacific Island Affairs, identifies a number of the reasons why some Pacific families get into debt. It provides insight into behaviours of finance lenders, student loan schemes, and church donations, all of which contribute to the high debt levels of some Pacific families.

Families Commissioner, Dr James Prescott, says there is a significant imbalance between affordability and cultural practice which often carries with it the obligation to give money. He says this imbalance is leading to reoccurring and unaffordable debt levels for some Pacific families, and this is holding Pacific communities back. 

However Dr Prescott says one of the main findings of the report is that, while people are often unable to seek help for themselves, they welcome help when it’s offered.

“Because the report identifies the reasons and motivations behind debt, it will help agencies deliver more targeted approaches to financial literacy and numeracy training. For example, the report identifies that a whole-of-family focus is required to resolve issues, and to be effective, any intervention needs to recognise the critical role of Pacific women in managing the family finances.”

The report highlights the influential role of the church in Pacific communities and its potential to take a lead in awareness raising and encouraging families to take advantage of the support services available, and to live within their means. 

The Chief Executive of the Ministry of Pacific Island Affairs, Pauline Winter, says the report provides the opportunity for agencies to work with Pacific communities to respond to the issues and needs arising from the research.

The launch was held at the Samoan Methodist Church with the support of local church leaders.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On The Ombudsman’s Verdict On Paula Rebstock And Ian Rennie

Unfortunately, the brave and damning report by Ombudsman Ron Paterson on the “flawed” and “unfair” inquiry conducted by Dame Paula Rebstock into events at MFAT pulls back the veil on a far wider issue. More>>

ALSO:

Charities' Report: Stressed Families - Overstretched Services

“Like so many of the whānau and families they serve social service organisations are under huge financial stress. The support demanded from desperate people in communities is far outreaching the resources available.” More>>

ALSO:

Detention: Wellingtonians Protest Treatment Of Refugees

Peace Action Wellington (PAW) and around 50 Wellingtonians blockaded the Australian High Commission, creating a symbolic detention centre to protest the Australian Government's policy of mandatory offshore detention for refugees and asylum seekers. More>>

ALSO:

Diver's Alarums: Breach Means Training Provider Must Repay $1.47 Million

The New Zealand School of Outdoor Studies is to repay $1.47 million (GST-exclusive) to the Tertiary Education Commission (TEC) following an investigation which showed that some student enrolments between 2009 -2014 could not be validated and that courses were under-delivered against their agreement with the TEC. More>>

ALSO:

Education: Government Plans Suggest Bulk Funding Return

Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. More>>

ALSO:

Interim Report: Auckland Looks Long Term To Pay-Per-Km Road Pricing

Aucklanders can expect to be paying variable rates per kilometre to travel on the city's most congested roads under an emerging transport strategy being formulated by the government and the Auckland Council. More>>

ALSO:

Despite Promises: Government Extends Iraq Deployment

Cabinet has agreed to extend New Zealand’s contribution to the joint New Zealand-Australia mission to train Iraqi Security Forces until November 2018. More>>

ALSO:

On The 'Terrorism' Card:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news