Cooking The Books
Cooking the Books: Is debt ever a good idea?
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:11:57
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Sinopsis
OPINION: Each week, the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Hosted by Frances Cook.We're a nation with a debt problem.Many New Zealand borrowers have debt that's up to 12 times the amount they earn in a year.You can argue that a certain amount of debt is a good thing. But banking bosses warn that ideally we shouldn't have debt of more than seven times what we earn in a year.So, we're way over.It's so bad that just this month, Australia's Reserve Bank cast a worried eye over New Zealand debt levels.They declared our debt-to-income levels were so bad, it was not only a risk to the New Zealand economy, but Australia's as well.Hush, Australia. Nobody likes the bearer of bad news.To be clear, I personally don't like any debt. But not all of it is dumb.For instance, good luck paying cash for a university education. And hey, at least your student loan is interest free.Getting a mortgage so you can invest in your own home is necessary for almost everyone.But there