The raft of changes that could hurt (or help) your wallet from July 1 | Stuff.c…
The raft of changes that could hurt (or help) your wallet from July 1 | Stuff.co.nz
Stuff ·
The raft of changes that could hurt (or help) your wallet from July 1 | Stuff.co.nz
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{"v":1,"chapters":[{"timeSeconds":1,"label":"July 1st changes impact wallets","summary":"July 1st marks an annual reset with a raft of changes that could affect people's finances. Some changes will increase costs, while others may offer savings."},{"timeSeconds":18,"label":"Economic outlook remains challenging","summary":"Despite some positive signs, the economic outlook is challenging. The war in Iran has impacted oil prices, affecting businesses and households."},{"timeSeconds":36,"label":"Wages not keeping pace with inflation","summary":"While prices have risen, wages have not kept up. Wages have only increased by 2% over the last year, falling behind inflation."},{"timeSeconds":59,"label":"Water rates increase in Auckland","summary":"Auckland's water rates have increased by 7.2%. This rise is to fund infrastructure upgrades."},{"timeSeconds":110,"label":"Cost of posting a letter increases","summary":"The cost of posting a letter has significantly increased. It has risen by 700% over 20 years, from 40 cents to $3.60."},{"timeSeconds":134,"label":"Motorbike and vehicle insurance levies rise","summary":"The ACC levy for motorbikes will increase to $276 annually. The FENZ levy for vehicle insurance will also rise by over $15.50 per year."},{"timeSeconds":150,"label":"Home insurance and ACC payments decrease","summary":"The FENZ levy for home insurance will decrease by up to $12 a year. Weekly ACC compensation for injuries over six months will increase by 1.97%."},{"timeSeconds":212,"label":"Electricity prices fall","summary":"Electricity prices have fallen back to pre-war levels. Power companies now offer time-of-use pricing options, allowing consumers to save money."}]}
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