Thursday, April 14, 2005
Poverty and debt in Dunedin
Many people in New Zealand are having a hard time. The church based organization Presbyterian Support Otago published a report in 2002 about poverty in Dunedin which makes disturbing reading, but comes as little surprise.
An update they put out in October 2003 confirms the impact that debt is having on low income people. The report says that debt and managing debt remains a major factor in family stress for New Zealand families. "In a period of low inflation New Zealanders are using high cost credit at an increasing rate . . . high cost credit also features large as a way of trying to manage very low incomes."