The stay-at-home mum had accumulated over $60,000 in debt.
More than 80 percent of OECD countries have such institutes.
"We're talking about 40 percent of our members we surveyed saying that they're now having major impacts across their business."
But "if we're putting more roofs over more heads, I think that's a good thing", the Finance Minister says.
Find out who is struggling most to save.
Directors are being accused of investing in wine firms using KiwiSaver funds and not revealing conflicts of interest.
A market structure expert says NYSE's explanation is hard to square with the bizarre trades that hit the tape.
Economists say there are other options, but each come with their own pros and cons.
But the Finance Minister says there are "literally hundreds of thousands of thousands of families... better-off as a consequence of our tax package".
The Finance Minister is presenting her first Budget from Parliament.
From tax cuts to public service slashing and defence, here's everything we know.
The Ministry of Social Development is just one department that's owed billions in loans.
The Finance Minister said ministers had gone "line by line" through their departments.
Jane Wrightson says retraining later in life can be risky.
Here's how open banking works.
Financial mentors say student loan debt can stick with people for a long time.
The Reserve Bank surprised markets when it released its official cash rate update earlier.
"Who knows what's going to happen next?"
New research from the Federal Reserve Bank of New York shows stark differences between age groups.
It comes as other major banks cut their rates this week.
It was a massive night for Kiwis across the country, with some major wins.
The Coalition Government directed public services to cut costs by between 6.5 and 7.5 percent.
"Its focus will be income tax relief aimed at middle and lower-income workers."
The telco is blaming private and public sector spending cuts and cost-of-living pressures.
"The more value you deliver, the more the pay should rise."
The driveway is eco-concrete, the power is solar, and the water is recycled.
Reserve Bank governor Adrian Orr has said a recession is needed to tame inflation.
The Government said it would update the Credit Contracts and Consumer Finance Act (CCCFA).
There is concern more people will be arriving on the doorsteps of budgeting services.
"That's a bit of a change from what most economists were thinking."
