Balancing financial wellbeing with the Tongan way of life

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New Zealand; Pacific
Photo by Thomas Coker via Unsplash
Photo by Thomas Coker via Unsplash

Balancing cultural obligations and personal finance helps Tongan New Zealanders with their overall wellbeing, according to a small study from the University of Auckland. Researchers interviewed 13 participants about their financial decision-making, finding that cultural and religious values underpinned giving money to family and churches. This strengthened social connections and could support general wellbeing, but could also damage financial wellbeing or cause pressure to meet others' expectations. The authors recommend that financial education initiatives should fit anga faka-Tonga (Tongan way of life) and include culturally relevant options such as collective savings or shared family goals, and that churches should encourage responsible giving.

Expert Reaction

These comments have been collated by the Science Media Centre to provide a variety of expert perspectives on this issue. Feel free to use these quotes in your stories. Views expressed are the personal opinions of the experts named. They do not represent the views of the SMC or any other organisation unless specifically stated.

Professor Carla Houkamau, Deputy Dean, University of Auckland Business School

I think it is really important to address how people approach money, wealth, and savings not just in a practical sense, but also in terms of the value they impute to various aspects of their lived experience. We see different cultural perspectives towards wealth throughout the world - and in New Zealand too. This study shows that relational wealth is very important to some sectors of the community, something that current financial literacy training does not account for as fully as it could. Victoria's PhD will be exploring how things can be done differently, taking into account cultural priorities and obligations.

Last updated:  05 Aug 2024 12:42pm
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Declared conflicts of interest Professor Carla Houkamau is an author of this study.

Victoria Ongolea, PhD Candidate, University of Auckland

Growing up in Tonga, “The Land of Milk and Honey” was the perception I had of New Zealand. In fact it is, but not for everyone. Migrating to New Zealand was a dream coming true. My first job in New Zealand as a Financial Mentor in my community, I realised a lot of my people were struggling financially. This fueled my passion for this research. I am passionate to understand the why and how I can help my people rewrite the negative narratives while amplifying their voices, perspectives and experiences about their lives away from their homeland.

Last updated:  06 Aug 2024 8:13am
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Declared conflicts of interest Victoria Ongolea is an author of the study.

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