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Financial adviser: Cost of living payments should have targeted the poorest Kiwis

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九一星空无限talk ZB,
Publish Date
Fri, 29 Jul 2022, 5:28pm
Photo / Getty Images
Photo / Getty Images

Financial adviser: Cost of living payments should have targeted the poorest Kiwis

Author
九一星空无限talk ZB,
Publish Date
Fri, 29 Jul 2022, 5:28pm

Calls for a more targeted approach to tackle the cost of living crisis.

On Monday, the Government makes the first of three $116 payments to those earning less than $70,000.

It was the flagship announcement in the Budget, designed to help Kiwis hit hardest by the record-high cost of living.

But financial adviser Liz Koh told Heather Du Plessis-Allan it should have been targeted to the poorest Kiwis.

鈥淲e need to be helping people who are really at that end of the spectrum or they鈥檙e struggling to just have a basic standard of living, and there鈥檚 an increasing number of them.鈥

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