More than a third of Kiwis say they will use their credit cards to cover otherwise unaffordable expenses during the next three months, and the figure jumps to 56 per cent for people living in Christchurch.
That's the key finding from the latest Dun & Bradstreet Consumer Credit Expectations Survey, released today.
Dun & Bradstreet general manager John Scott says the data show household debt remains at historic highs, in spite of de-leveraging, and many households still struggle to balance their income and credit commitments.
''This survey shows that many Kiwis are using credit in ways that may eventually harm them, and future interest rate rises later in the year may be the trigger that causes distress for many households,'' he says.
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