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Consumer Debt Drops But Struggles Persist | Auckland News
Consumer debt arrears are at a four-year low, with 430,000 people behind on payments—down slightly from last month—but 89,000 are dangerously over 90 days late, hitting renters hardest and spilling into credit cards, personal loans, and BNPL services. Experts urge early intervention. Meanwhile, business liquidations remain elevated, hitting a 10-year high, especially in hospitality (up 51%), with construction and retail also suffering. Though monthly liquidations dip, annual figures reveal persistent strain. Positively, credit defaults are falling, hinting at improving credit behavior and…
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