Beneficiaries Spend 8 Percent More Than They Receive Each Week – Report

Article – RNZBeneficiaries are increasingly struggling to make ends meet, financial mentors say, and are spending more than they receive in benefits each week at a record rate. Susan EdmundsMoney CorrespondentBeneficiaries are increasingly struggling to make ends meet, financial mentors say, and are spending more than they receive in benefits each week at a record rate. Fincap – a network that supports financial mentors and the MoneyTalks helpline – has released its latest Voices report. “There are not enough jobs, and the benefit is insufficient to live on as more households receiving the benefit are seeking the assistance of financial mentors.” The median weekly income of financial mentor clients dropped from $765.32 in 2024 to $760.58.