Labour are screwed for this article alone. When middle New Zealand are hurting the Government cops a flogging. The problem Labour have got is that they don’t know where middle New Zealand is anymore. They probably think that middle New Zealand are gay, teachers or unionists. Even the “rich pricks” are suffering.
Locksmith Kelvin Green earns $60,000 a year to support his wife Lucia Mahugo and baby Karen.
The couple are expecting their second child so Kelvin is cranking up the overtime to bring more money in.
“Everything’s going up. Petrol goes up, deliveries go up, so food increases, but wages don’t,” he said.
Richer pricks are also suffering;
Lorraine Williams and her husband Joel, who both work, are bracing themselves for a mortgage hike in June.
The couple already pay $1128 a fortnight for their home in Auckland’s New Lynn.
Lorraine, a 36-year-old apprentice co-ordinator, said the increase on their current rate of 7.69 per cent would cost another $200 a week.
“We’re going to have to tighten our belts even more.”
The increase in the cost of staples such as milk and cheese has also
affected the family, because they were part of school lunches and snacks for daughters Isabelle, 5, and Elizabeth, 12.
Lorraine said the few luxuries the family still enjoyed, such as the odd takeaway “will disappear altogether”.
She said movies and the annual family holiday would be cancelled this year to cut costs.
Are we starting to get the picture here, this is why a recession is inevitable. When pain comes, people stop spending, when people stop spending the economy stops growing and recession occurs. Now for the richest pricks.
Sini Yang and husband Waikeen Chan have a combined annual income of $100,000 a year.
But Sini, a self-employed insurance broker, and Waikeen, who works in IT, are planning household cutbacks to meet the expected rise in their mortgage payments.
Sini said they expected to lose another $100 a week when their interest rate was restructured in May.
The couple, who live in Auckland’s Greenlane, have also had to make allowances for their second child, due any day.
“We are having less dinners out and are not going to upgrade the car,” said Sini.
A planned trip to visit family in Malaysia and China has been postponed.
Labour are screwed. When times are tough the wealthy get richer and the poor get the picture.