New Zealand's Inequality

The report revealed 28 per cent of all wealth made went to the richest 1 per cent of Kiwis in 2017. The 1.4 million poorest New Zealanders got just 1 per cent of that wealth.  Many of those 1.4 million New Zealanders were in employment and working hard. 

New Zealand's richest man added more than $4 billion to his coffers last year, as more Kiwis joined queues at food banks.

The wealthy elite have continued to accumulate their assets while hundreds of millions of people struggle to survive on poverty pay, Oxfam NZ executive director Rachael Le Mesurier said.

"This gap is extreme. It's not reducing, so that's a real concern. Inequality is really bad for democracy.