Martin Hawes: Higher earners increasingly seeking budgeting help

Queues at budgeting services are getting longer, and financial advisors are finding households with increasing incomes are seeking help.

Kiwis with a household income of over $200,000 a year and likely with a mortgage are struggling to make ends meet.

It feels like it was only a few years ago that being on a six figure salary meant you were fairly well off, but it seems it's barely enough to get out of living paycheck to paycheck these days.

So what actually is a liveable wage these days? Do we truly need to be making half a million a year just to pay our bills and still have a bit left over for savings and fun?

LISTEN ABOVE

See omnystudio.com/listener for privacy information.