Sunday, June 25, 2017

New Zealand's Inequality

Low levels of reduced income mobility in New Zealand mean people in rich families tended stay rich and those in poor families stay poor. The rising cost of houses had kept many people out of home ownership between 2001 and 2013. The worst affected age group was 30 to 44.

 Derek Gill, principal economist at NZIER said, "The data tells us that our current level of income inequality is actually the same as it was in the 1930s and 1940s."

World Socialist Party (New Zealand)
P.O. Box 1929
Auckland, NI
New Zealand