Warren Ngan Woo: Westpac's Financial Wellbeing programme manager on the reports revealing less Kiwis have emergency savings

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Recorded24 Feb 2026

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The cost of living is hitting Kiwis hard, with new data showing Aucklanders are more likely to be worse off. More than a third of New Zealanders have a savings balance of less than $500, according to new data from Westpac. Westpac's Financial Wellbeing programme manager, Warren Ngan Woo, says Auckland is a big city where things cost more, which eats into people's ability to save money. "This is just a snapshot in relation to savings, but it certainly doesn't take into account what other people have in options with their savings." LISTEN ABOVESee omnystudio.com/listener for privacy information.

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