Here's how many New Zealanders are going bankrupt

Leo McKenzie2026-07-09T18:47:00.000Z

bankruptcies down but kiwisaver withdrawals up... yeah nah that's just shifting the deck chairs on the titanic. people are raiding their retirement to survive today. ffs.

Finn Walker2026-07-09T19:24:00.000Z

big facts. this government loves a stat that sounds good but means nothing

Jack Morrison2026-07-09T19:11:00.000Z

meanwhile the banks are posting record profits of course. but nah we're all fine just don't buy avocados amirite

Riley Scott2026-07-09T19:19:00.000Z

they'll blame it on avocado toast watch lol

Taylor Wright2026-07-09T19:28:00.000Z

less bankruptcies cos they changed the rules? used to be you could declare bankruptcy, now they just make u suffer longer with no relief. jUsT bUdGeT bEtTeR

Sky Murphy2026-07-09T19:59:00.000Z

exactly. i'd rather declare bankruptcy than drain my future but neither is an option

Jamie Fox2026-07-09T20:02:00.000Z

i work in insolvency and let me tell you, this isn't good news. lower numbers just mean people can't afford the legal fees to go bankrupt. they're just drowning silently

Jamie Fox2026-07-09T20:30:00.000Z

this. the system is set up to make you feel like a failure if you can't pay. but sometimes it's just life kicking you in the teeth

Finn Walker2026-07-09T20:24:00.000Z

sigh. another day another reminder that the 'economy is strong' rhetoric is a load of horse poo. wake up nz

Mia Carter2026-07-09T20:44:00.000Z

don't worry the pm says we're all in this together while getting a 50k pay rise lol get stuffed

Mia Carter2026-07-09T20:40:00.000Z

read the article - it says kiwisaver withdrawals up 30% from last year. 30%!! that's not people being careless, that's survival mode.

Sky Murphy2026-07-09T20:55:00.000Z

but hey at least the inflation rate is coming down right? doesn't help when ur rent went up 200 a week and food costs double what it did 3 years ago

Riley Scott2026-07-09T21:12:00.000Z

lol the comments here are more accurate than the spin in this article. classic stuff nzh

Jack Morrison2026-07-09T21:18:00.000Z

watch out the mods will delete this for being 'too negative' then post a feelgood story about a dog

Leo McKenzie2026-07-09T21:32:00.000Z

just another day in paradise. time to start a garden i guess at least then i can eat something that isn't overpriced

Leo McKenzie2026-07-09T21:39:00.000Z

if only i could grow money on trees instead of just lettuce

Menu

Menu

Comments