September 22, 2020
Moni tests Maori relationships
People with pre-school children, Maori, Pacific peoples and renters were most likely to report relationship problems with partners, family or close friends due to financial concerns.
The Commission for Financial Capability’s barometer survey of more than 3000 New Zealanders has found one in five people had money-driven relationship strains.
For Maori, it’s closer to one in four, and for those with little or no income, it’s 28 per cent.
The problems declines with age, with just 14 per cent of those aged 55 and 65, and only 7 per cent of those 65 plus saying they still had arguments over finances.
The commission’s personal finance lead, Tom Hartmann, says there is a recognised link between financial stress and mental health issues which can be exacerbated when money problems impact close relationships.
The commission recommends people use its guides and tools at sorted.org.nz to help couples get on the same page financially.
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