August 10, 2020
COVID lockdown sparks home ownership dream
COVID-19 has led to an upswing in financial literacy in Aotearoa.
The Commission for Financial Capability's financial capability Barometer survey has found the fluctuations in Kiwisaver accounts at the start of the crisis was a wake-up call for many people, and the lockdown also helped boost savings as people spent less.
Financial mentor Donna Robinson from Waikato-Tainui and Ngāti Raukawa says she is seeing the same thing, with people being less shy about talking about their finances, and some whānau even talking about buying a home.
"A lot of our whānau have no idea, we have not had conversations about what it would actually take to be a homeowner and have this idea it is not for us and it could never be for us. I always get a lovely surprise when a whānau approaches me and we start to find where they are at and they are much closer to homeownership than they thought," she says.
Copyright © 2020, UMA Broadcasting Ltd: www.waateanews.com