1 00:00:00,120 --> 00:00:01,920 Speaker 1: Now it turns out that more than a third of 2 00:00:02,000 --> 00:00:04,880 Speaker 1: us have less than five hundred dollars in our savings accounts. 3 00:00:05,080 --> 00:00:07,760 Speaker 1: The data has come from Westpac and apparently Aucklanders are 4 00:00:07,760 --> 00:00:11,520 Speaker 1: among the worst at saving. Westpac's financial wellbeing program manager 5 00:00:11,600 --> 00:00:13,840 Speaker 1: Nar warren Nan wu is with us right. 6 00:00:13,680 --> 00:00:16,400 Speaker 2: Now, Hi Warren, Hey here the how are you well? 7 00:00:16,400 --> 00:00:18,640 Speaker 1: Thank you? So why are Auckland is so bad relative 8 00:00:18,680 --> 00:00:19,560 Speaker 1: to Cantabrians. 9 00:00:20,680 --> 00:00:23,960 Speaker 2: I mustive that Tabrians should be celebrating, but they shouldn't 10 00:00:24,400 --> 00:00:27,640 Speaker 2: they too far just the moment, Aucklanders pretty much, when 11 00:00:27,680 --> 00:00:30,000 Speaker 2: you look at it, a big city, so we've got 12 00:00:30,040 --> 00:00:33,839 Speaker 2: higher costs of living. I think about transport, child support 13 00:00:33,920 --> 00:00:36,800 Speaker 2: and child costs, and all those costs pretty much eat 14 00:00:36,840 --> 00:00:39,760 Speaker 2: into a lot of that cost. And we've looked down 15 00:00:39,840 --> 00:00:43,559 Speaker 2: another layer at the data. Actually Aucklanders save a lot 16 00:00:43,640 --> 00:00:46,640 Speaker 2: higher averagely on the monthly automatic payments one hundred fift 17 00:00:46,640 --> 00:00:51,120 Speaker 2: dollars versus kenttaviions which are at about one hundred and 18 00:00:51,200 --> 00:00:53,159 Speaker 2: fifty one hundred and twenty. 19 00:00:53,240 --> 00:00:56,480 Speaker 1: Sorry, yeah, now, I mean, the stuff looks really dire 20 00:00:56,560 --> 00:00:58,840 Speaker 1: when you look at it. But I wondered if part 21 00:00:58,880 --> 00:01:00,600 Speaker 1: of what we're looking at is we're just looking at 22 00:01:00,640 --> 00:01:02,760 Speaker 1: what's in your bank account, right, is it not possible 23 00:01:02,760 --> 00:01:04,440 Speaker 1: that a whole bunch of people now have lots of 24 00:01:04,480 --> 00:01:08,119 Speaker 1: money in shares and manage funds and other places. 25 00:01:08,920 --> 00:01:11,920 Speaker 2: Yeah, absolutely, great point to raise. This is just a 26 00:01:11,959 --> 00:01:14,880 Speaker 2: step shot and listened to savings. But it certainly doesn't 27 00:01:14,920 --> 00:01:18,040 Speaker 2: take into account what other people have options of savings 28 00:01:18,080 --> 00:01:22,000 Speaker 2: and investments outside of respect. But it just gives us 29 00:01:22,319 --> 00:01:25,000 Speaker 2: a little bit like forul like around the regions and 30 00:01:25,000 --> 00:01:28,480 Speaker 2: the country around sort of their savings habits and behaviors. 31 00:01:28,520 --> 00:01:32,880 Speaker 2: And sometimes there's more around saving motivations. It's more around 32 00:01:33,000 --> 00:01:36,280 Speaker 2: sort of saving capacity. Again coming back to Auckland being 33 00:01:36,600 --> 00:01:40,040 Speaker 2: sort of the economic cover of New Zealand. Cost sixpenses 34 00:01:40,080 --> 00:01:43,160 Speaker 2: to live here in Auckland, right, committed to the country totally. 35 00:01:43,240 --> 00:01:44,920 Speaker 1: Yeah, we've moan about it all the time, Warren, Thanks 36 00:01:45,000 --> 00:01:47,880 Speaker 1: very much. Appreciate it, Warren and were we respect Financial 37 00:01:47,920 --> 00:01:49,360 Speaker 1: Wellbeing program managing. 38 00:01:49,640 --> 00:01:52,840 Speaker 3: For more from hither Duplessy Alan Drive. Listen live to 39 00:01:52,920 --> 00:01:55,960 Speaker 3: news talks. It'd be from four pm weekdays, or follow 40 00:01:56,000 --> 00:01:57,760 Speaker 3: the podcast on iHeartRadio.