A master card survey found that New Zealanders are more bent towards savings as an after-effect of recession. The survey has revealed that almost 9 out of 10 people in New Zealand still prefer the same amount of savings as they did six months from now. This number is almost double as compared to what it was this time last year. From 408 citizens who were surveyed, 12% kiwis wants to save less as compared to considerable 88% planning to save either more or the same as the last year.

Consumers between the ages of 18 and 29 years are surprisingly heading the “savings” fashion. And people from the age of 30-44, are the saving for sudden emergencies. On saving scale of kiwis, firstly the money to be spent was for international travel 52% followed by buying or renovating a house 41% and consumer electronics 39%.

Mastercard's New Zealand Manager Stuart McKinlay said, "The economic uncertainty of 2009 continues to linger. People are still acutely aware of the financial pain brought on by a recession and would be more minded to save. This is the first time many New Zealanders have been through a recession, because really the last time there was a recession in New Zealand that was significant was 1989”.

According to the survey those who did not want to save were ones who either were earning less, second reason was inflation or thirdly that they wanted to enjoy their life in present.