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Single, and prospering: Harley Neville, freelance TV and film professional, uses his spare income to invest in world-changing technology companies through the Sharesies platform.
From clawing together a deposit on a home on their own, to having to save bigger retirement nest eggs, singletons have a tougher time of it financially than couples. Or do they? Rob Stock reports. While the official statistics show singles of all ages are less likely to be satisfied with their incomes, and also less likely to own their own homes, Aucklander Harley Neville isn’t convinced he’s financially disadvantaged as a single.
The youngsters are now aged between 26 and 29, and thankfully, most have survived Covid well, and some even thrived. While one in five told Massey’s researchers they had experienced income drops in 2020, and a quarter saw their savings eroded, one in six saw their incomes rise, and one in three managed to increase their savings.
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Is this the foundation moment for young New Zealanders future attitudes on money and security? The national lockdown caused everyone to re-evaluate their lives. Video first published in April 2020. Economic crises are often like this. There are winners. There are losers. For a sizeable minority, there were some harsh lessons. One in 10 now feel a lower confidence in their ability to manage their money lives.
Partnership for new anti-money laundering course
Companies in New Zealand are losing money through lack of understanding about how to comply with anti-money laundering laws (photo:Mufid Majnun/Unsplash)
Dr Pushpa Wood, Fin-Ed Centre director
Guy Dobson, from Maxima Lack of knowledge among local businesses about how best to comply with New Zealand’s anti-money laundering laws has resulted in financial losses for companies and tax-payers alike. Now, a new training programme available through Massey University aims to address this.
Massey’s Fin-Ed Centre, in the Massey Business School and financial consultants Maxima are collaborating on a new micro-credential. The first of its kind, the micro-credential – titled NZ Anti Money Laundering Compliance Officer (NZAMLCO) – has been developed by New Zealand experts to cater to the New Zealand market.