According to a bank survey, nearly 50% of the New Zealand population is not saving at all.

Reportedly, there is no easy solution to the problem of getting people to save more money.

According to the survey, around 46% of the 1038 surveyed Kiwis, taken between August 13 and August 20do not save. A taskforce has been appointed by the Government to look into improving the country’s savings, and the results of this are expected to be out next year.

This survey shows that New Zealanders have become more concerned about their investments’ security. They are either paying off debts or spending their money or simply don’t have any money left at the end of the month.

The survey has been conducted since the past four years, and thus demonstrates the variations in the investment priorities. Prior to the global financial crisis, in 2007, the biggest priorities for savings and investments used to be high interest rates.

In last month’s survey, the highest priority was security of money, with high interest rates, fees and charges and access to money pursuing it shortly. The reputation of the provider followed next in the list.