Inflation and high interest rates look like they'll be sticking around. While some of the numbers in Treasury's financial update make for better than expected reading, it's clear taxpayers will continue to face significant pressure.
Earlier this month, credit reporting firm Centrix showed an increasing number of borrowers in arrears, heading towards levels last seen four years ago - before the pandemic.
Centrix managing director, Keith McLaughlin, says even without further rates rises an increasing number of people will have stressed finances.
McLaughlin spoke to Ingrid Hipkiss.
