The 2016 Household Incomes Report
The Ministry of Social Development has released their annual income report based on Stats NZ and other data. The findings are very different to what many would have you believe. A summary:
median household incomes rose 3% in real terms last year
median household incomes have risen 3% (real) on average every year since 2011
New Zealand’s net gains from HES 2009 to HES 2016 are better overall than for many OECD countries (we had better income growth than most)
The share of income received by the top 1% has declined slightly from a peak of 9% in the mid 1990s and is lower than most OECD countries … Continue Reading
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