Friction is bad for business
In 2011 New Zealand had a savings problem.
The truth is, New Zealanders spent way too much money on impulse purchases. They spent NZ$ 16.1 million EVERY. SINGLE. DAY.
And they saved too little. In fact, only 49% had a savings account.
That's why when it comes to savings New Zealand was ranked #23 out of 29 countries in the OECD.
Why is it a lot easier to …
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