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Studies also show that over 50 % of New Zealanders avove the age of 15 have been in some kind of debt. The essential debts that are common: data reveal that property funding accocunts for nearly all recorded debt at 87%. Having said that, academic loans and customer durables (including loans for cars as well as home appliances) just use up 6% and 7% associated with the debt that is total.
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