Most Kiwi young people have never experienced a financial crisis, let alone a recession. Now, times are tough. Financial commentators are warning that young people’s spending habits urgently need to be reined in. They have been telling us that for years, but Generation Y is still laden with debt, and research suggests that many students have poor saving habits. But now, we are seeing the first signs of a turnaround: New Zealand young people are changing their spending habits. Jehan Casinader is a Wellington-based journalist and youth affairs commentator.
Listen/Download Jehan Casinader on Gen Y & the Recession
