Research has found that 56% of New Zealanders are less willing to go into debt since the recession.
More than 700 people were surveyed last month as part of a Nielsen study, which was commissioned by Sorted.org.nz, an independent money guide.
It found that more than 60% of people want to cut their spending over the next 12 months and more than 50% are banning themselves from taking on further debt.
Only 4% of those surveyed were willing to take on new debt.
Sorted says people were hungry for credit before the recession. But tough economic times have changed that.