By Mandy Te
Welcome to Re:’s Money Week. Re: News Editor Mandy Te outlines our money coverage.
It’s taboo to talk about money and that’s why we decided to dedicate a week to all things finance.
When it comes to finance - 18 to 39-year-olds are the age group most concerned about wages stagnating, interest rates and inflation.
And according to a survey done by the Financial Services Council NZ this age group is much more likely to worry about money in general.
It makes sense - grocery prices are at a record high and Aotearoa is grappling with a cost of living crisis.
This year student allowances and living costs went up by $25 a week. This was a relief for some people but one student told Re: it felt like a “poverty trap”.
With constant news about how expensive it is to live, it seems like a good time to talk about money.
For the past month, the Re: team have been looking into money and finance - how people live, what people can do and what things like inflation mean.
On Monday, we have a video from our reo Māori series Ohinga about how to ask for a raise or a promotion.
As part of this, Re: journalist Zoe Madden-Smith interviewed career consultant Andrew Tui who shared some tips and guidance about navigating that conversation with your boss.
On Tuesday, we have a new episode of Show Us Your Money, a series where Re: strips away the secrecy around our bank accounts and shows the reality of life in Aotearoa at different income levels.
In this episode, we follow Tama and Gina Blackburn. The couple earn $165,000 a year and are working towards buying a large piece of land so all of their whānau can live together.
The next day we have a video from the Department of Information. They explore what life would be like if money didn’t exist.
On Thursday, we have a Q&A with Girls That Invest co-founder Simran Kaur. Girls That Invest are run by Simran and her best friend Sonya Gupta - they also have a number one podcast and a book coming out in August.
We chatted to Simran about normalising conversations about money and how to make these conversations more accessible for young people and especially, women and people of colour.
We’ll end the week with an Ohinga video on Hidden Figure$, two Māori investors who share advice and tips on investing and money, and another episode of Show Us Your Money featuring a Taranaki father called James.
We will update this page throughout the week as our stories roll out.
We hope the videos you watch, the graphics you see and the stories you read will encourage you to ask for that raise, interest you and make you feel more comfortable talking about money.
More stories from Money Week:
Asking for a raise can feel awkward, uncomfortable and just plain terrifying.
"Working to help whānau, that's my purpose of life aye."
The Money Free Party thinks so, but an economist is not sure.
How the Big Mac went from 75 cents to $7.10
"The most interesting thing about money is the absolute peace of mind it brings to your life."