ANZ NZ has released the 2019 ANZ Financial Wellbeing Indicator (ANZ FWI), revealing a time series measure of New Zealand’s financial wellbeing.
The ANZ FWI provides an overview of the personal financial wellbeing of New Zealanders, and is intended to act as a ‘pulse check’ on how Kiwis are feeling about their financial wellbeing.
The results in the first report compare how Kiwis were feeling about their finances in June 2019 and December 2019, before the economic effects of COVID-19 started unfolding.
The key finding from the December 2019 data show that, compared with June 2019, New Zealanders generally felt okay about their financial situation, with New Zealand’s overall financial wellbeing score increasing 0.3 points over the six-month period.
This was up from 59 in the 2017 Financial Wellbeing Survery (published in 2018).
ANZ NZ CEO Antonia Watson said this data will help track how New Zealanders feel about their finances through the country’s highs and lows.
“It’s encouraging seeing Kiwis feeling more resilient about their finances at the end of last year. As we move into a period of economic uncertainty in the midst of the global COVID-19 pandemic, financial resilience will be important for New Zealanders and our economy,” Ms Watson said.
“Every one of us benefits in an environment that encourages and supports people’s financial wellbeing, whether this be on an individual, whānau, business, or societal level.
“This data will be important to look back on when we recover from this economic downturn as we continue to track how New Zealanders feel about their finances.”
Download the report