I figured out the source of New Zealand poverty

poverty-girl-1200

It turns out, the parents spent all the money!

Shoppers spent a massive $5.3 billion last month, the latest Paymark figures show.

Spending last month – fuelled in part by Christmas shopping, Boxing Day sales, and New Year’s Eve holidaymakers – was up $300 million, or 5.4 per cent, on December 2013.

Last year also saw the highest growth in spending since 2007, with Paymark processing $52.3 billion of transactions for the year – up 6.6 per cent on 2013.

Don’t you see?  People have no money, because they are spending it in every increasing amounts.  

Paymark customer relations head Mark Spicer said the high growth rate was due to stronger consumer confidence. “I think what we are seeing now is consumer confidence is stronger along with a building of a stronger economy. Consumers feel more confident about getting out there and spending and that’s reflected in the figures.”

Consumer confidence.  Stronger economy.  These are just John Key and Steve Joyce trying to use fancy words to hide the true problem:  lots and lots of family have no money!

Mr Spicer said spending throughout 2014 had been very consistent. However, spending had got off to a slow start in December – Paymark’s busiest month of the year.

“There were some strong figures all the way through [2014], albeit December did start a bit slower, and I think that can be attributed to the cooler start to summer.

“But generally, by the end of that calendar year the figures have shown us it has been a very strong year, for both value and also for transaction and volume.”

What is wrong with us all?  We spent steadily and increasingly all year?

Why would we expect to have any money left?

Why doesn’t anyone consider the poverty!?

 

– Nikki Papatsoumas, NZME


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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