and now there's a new reason for saving. The rating agency Fitch is looking at downgrading New Zealand's credit rating because our national debt levels are so high. That means higher interest rates on money borrowed overseas. They say increasing household savings will help reduce the current account deficit.
I'll let the economists argue about it. I still reckon it's good for my personal economy.
How do I rate?
July 16th, 2009 at 11:10 pm