SOS guide to killing debt
I think I amthe only person in my suburb who hasn’t been doorknocked by our occasionally sweary local MP David Seymour.
His website says he personally knocked on 13,000 doors before the last election.
He’d have met an awful lot of heavily-indebted people then.
My neighbourhood passed the $1million average house price mark way back in 2011, or 2012.
The $1m suburb club isn’t so exclusive these days. Rising household debt has helped usher many Auckland suburbs into the club.
Seymour recently pointed out that private household debt has risen to a record 168 per cent of household disposable income.
As a ‘‘small government’’ man, Seymour believes in cutting tax rates so households can pay some of that debt off.
For households, like countries, high debt brings risk.
Whether you have consumer debt (credit cards, personal loans, car loans, etc) or mortgage debt,