New data shows New Zealanders are falling further into debt, with households under pressure from high inflation and interest rates.
Credit bureau Centrix says people's debt increased in November, as shoppers took advantage of retail sales such as Black Friday.
Mortgage arrears are also up 25-percent year-on-year, and that could go higher as more households face refixing at higher interest rates.
Centrix managing director Keith McLaughlin spoke to Ingrid Hipkiss.
