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Navigating the Cost-of-Living Crisis in New Zealand Student Name Institution Professor Name Course Date Navigating the Cost-of-Living Crisis in New Zealand The cost-of-living crisis in New Zealand has impacted many families; petrol was just over $2 when I entered my first year of high school, and now 95 petrol is nearly $3. It has resulted in a very high increase in the price of daily transport and travel. Moreover, houses and cars, which are classified as fixed assets, also declined in price during the epidemic due to shifts in supply and demand (Fernando, 2023). I have a friend who is an accountant, and he earns NZ$120,000 per year. Despite the fact that he appears to be earning much money, the increase in bank interest rates has placed him under very great pressure to repay h...