Auck­lan­ders un­cer­tain about fi­nan­cial fu­ture

Southern Real Estate Guide - - Southern Homes -

A new sur­vey on the health and well­be­ing of New Zealan­ders has found that Auck­lan­ders are more wor­ried than the av­er­age New Zealan­der about the world­wide re­ces­sion, be­ing able to re­tire com­fort­ably and job se­cu­rity.

The sur­vey of more than 2000 peo­ple na­tion­wide by South­ern Cross Health­care Group asked re­spon­dents to tick is­sues they were ei­ther ‘wor­ried’ about, ‘in be­tween’ on, or ‘ not wor­ried’ about from 11 top­i­cal is­sues.

Ris­ing crime rates topped the list of wor­ries for peo­ple from Auck­land, with 55 per cent say­ing they were wor­ried about this is­sue. This was de­spite re­cent Po­lice fig­ures show­ing re­ported crime across the wider Auck­land area had dropped over the last year.

The next big­gest con­cerns for Auck­lan­ders were in­surance costs (53 per cent of peo­ple wor­ried) and be­ing able to re­tire com­fort­ably (52 per cent wor­ried).

Across New Zealand, home and con­tents in­surance pre­mi­ums have risen sub­stan­tially over the last year.

Some 43 per cent of Auck­lan­ders were wor­ried about the world re­ces­sion ( com­pared to 40 per cent na­tion­ally) and 33 per cent har­boured con­cerns about job se­cu­rity – com­pared to 28 per cent na­tion­ally.

As ex­pected, Auck­lan­ders were also much more wor­ried about the time it takes to com­mute to work - with 28 per cent cit­ing this as a worry. The least con­cerned New Zealan­ders about com­mute time were those from Tau­ranga, with just 6 per cent wor­ried about this is­sue.

A large num­ber of Auck­lan­ders also har­boured health-re­lated wor­ries with 45 per cent of those sur­veyed say­ing they were wor­ried about their fam­ily’s health, while 36 per cent were wor- ried about their own per­sonal health.

South­ern Cross Health­care Group chief ex­ec­u­tive of­fi­cer Ian McPher­son says Auck­lan­ders’ higher level of worry over fi­nan­cial is­sues, par­tic­u­larly their abil­ity to re­tire com­fort­ably, was a con­cern given fu­ture trends.

‘‘As the pop­u­la­tion ages, and de­mand for health­care rises, it’s highly likely Ki­wis will also need to take more per­sonal re­spon­si­bil­ity for their elec­tive health­care costs. How to help New Zealan­ders make ad­e­quate pro­vi­sion for their fu­ture health­care needs to be some­thing that is at the top of the coun­try’s agenda.’’

The same sur­vey in May 2011 found that, as a group, Christchurch peo­ple were the most wor­ried New Zealan­ders – this year re­tired peo­ple topped the list, hav­ing on av­er­age 13 per cent more wor­ries than the typ­i­cal New Zealan­der.

This year’s sur­vey found women were sig­nif­i­cantly more wor­ried than men, and worry also in­creased with age.

Sur­pris­ingly, peo­ple from Hamil­ton re­ported a slightly greater num­ber of wor­ries on av­er­age than those liv­ing in Christchurch. Welling­ton was New Zealand’s least wor­ried city.

Hands tied: Ris­ing in­surance costs are one of the things Auck­lan­der’s are most con­cerned about when it comes to their fi­nan­cial fu­ture.

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