New Zealanders are now more confident about their personal financial situations and economic conditions over the next year, the latest Roy Morgan Consumer Confidence Rating shows. The rating rose 1.8 points from the last survey half a month ago to 105.8, its highest level since the Lehman Brothers collapse in September 2008. Half (up from 49% in the previous survey) of the survey's respondents said they expected their families to be better off financially in a year's time, compared to 20% (down 4%) who said they expected to be worse off. However, those expecting 'good times' for New Zealand over the next five years fell to 54% of respondents (down 3%). This compared to 20% (down 2%) who expected worse times over the next five years. The amount of respondents who considered their families to be worse off now than a year ago rose very slightly to 42%, while 24% (down 3%) said they thought their families were better off. The level of respondents who thought now was a good time to buy major household item also rose slightly, to 45%, while 39% (down 3%) said now was a bad time to to buy major items. The survey was carried out between May 4-17 and had 1,117 respondents throughout the country aged 14 and over.
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