Related Research & Reports

  • Share:
  • Text Size:
  • A
  • A
  • A

What does debt do for you?

Posted to Money Week on 07-08-2017

money week posters flat

Sorted Money Week gets underway next week with a new focus this year: debt.

The Commission for Financial Capability will start the week by releasing the findings of a survey into debt and New Zealanders’ attitudes towards borrowing.

Retirement Commissioner Diane Maxwell said: “We're building on our understanding of the social norms around debt and have heard from more than a thousand people, who shared their attitudes and experiences.

“We also asked whether they would be willing to lend to, or borrow from, a friend or family member. Some of the results on that one were surprising.'

Diane added: “Debt is part of life, it's how we buy cars and houses, we need it to build businesses. But there's a point where we get too comfortable with being loaded up on debt, we forget the old-fashioned notion of saving up for something, waiting and buying it when we have the money for it.'

The Commission will use Sorted Money Week to ask New Zealanders “What does debt do for you?”

The week will kick off with a launch event at Parnell District School on Monday 14 August, where students have formed a finance club to learn about how money works, so they can make informed choices for their future.

Design students will also play a key role this year. The Commission ran a competition with Auckland’s Media Design School to create a poster campaign aimed at getting young people to focus on debt.

The winning campaign will feature on billboards and at events throughout the country and on social media posts during the week.

The Commission has a series of other events lined up including:

And we’ve got a couple of firsts:

For the first time we’ve joined with the Reserve Bank to produce a series of videos featuring well-known New Zealanders talking debt, connected to the bank notes.

And we’ve got the major banks to join up on a video campaign called Birds of a Feather.

There will be scores of other free money-related events run by businesses, schools, government and community organisations and people up and down the country. All are designed to help you think about the role debt plays in your life.

What is Sorted Money Week all about?

Sorted Money Week is an annual series of events across New Zealand that focus on financial capability.

Our new-look Sorted Money Week website has information and resources. You can ask questions or share your experiences and tips about debt on the Sorted Community Forum.

Keep an eye on #MoneyWeekNZ and for regular updates on Money Week.  

Next: Little Black Book a first in the fight against scams

Related News

scams book thumb

Little Black Book a first in the fight against scams


Wills stockshot thumb

Will they, won’t they – half of Kiwis have no will


Money Week logo thumb

Kiwis’ ‘she’ll be right’ attitude to insurance could backfire


Money Week Mangere Markets 2 thumb

Culture of saving needed to prevent harm of bad debt


Money Week web image thumb

Money Week 2018


Money Week 2018 Wngtn launch Kris Faafoi thumb

Minister helps launch 2018 Money Week


On the shoulders of others


“Be a smart alien and do the maths”


Be Royal campaign Money Week

CFFC and Media Design School collaborate on Be Royal campaign for Money Week


What would an alien think about borrowing and debt?


Two simple steps towards a better retirement


New Zealanders voice fears over financial security in retirement


Money Week logo

Creating a theme park on the moon


Maori Moneyweek 1 Shilling

Making sense of cents



Keeping your trolley loaded


Survey: KiwiSaver and you



Can you see your future?


winning selfie pic - Define Wealthy with a Selfie contest

'Wealth is having friends to share life with'


2015 Money Week - Windfall challenge at Britomart

What would you do with a $500 windfall?


quiz news story

Take the free Financial Fitness Check-up


Money Week 2015 launch event at Britomart with CFFC

Hip hop crew’s money moves launch Money Week 2015


money week 2015 twitter

Communities rally behind Money Week


Money Week 2015 Define Wealthy with a Selfie photo competition

What does a wealthy life look like?


Money Week NZ Fighting Fit logo

Money Week 2015: Bigger, better, bolder


Money Week 2015

Money management courses galore this Money Week


Money Week 2015

Counting down to Money Week 2015


money week - fighting fit logo

Getting Fighting Fit for Money Week 2015


New Zealanders encouraged to shape up their finances


news nzx video

Helping young people shape their future

Related Research & Reports