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Nearly two-thirds of households make enough to live on

By   /  October 19, 2017  /  Comments Off on Nearly two-thirds of households make enough to live on

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MIL OSI

Source: Statistics New Zealand – Press Release/Statement:

Headline: Nearly two-thirds of households make enough to live on

More than 6 in 10 households say they earn enough or more than enough to live on, but 1 in 10 don’t have enough to get by, Stats NZ said today.

For the year ended June 2017, 65 percent of households said they had enough or more than enough income to meet their everyday needs, according to the latest household income and housing-cost statistics. Ten years earlier, in the 12 months to June 2007, 51 percent of households reported having enough or more than enough income.

The global financial crisis began in 2007. New Zealand’s economy entered recession in 2008, with economic growth down in each quarter and a rising unemployment rate.

To measure income adequacy, respondents were asked if their and their partner’s combined income was enough to meet their everyday needs for items such as accommodation, food, clothing, and other necessities.

Ends

See also: Household income up more than 40 percent in last 10 years

For media enquiries contact: Sean Broughton, Wellington 04 931 4600, info@stats.govt.nz
Authorised by Liz MacPherson, Government Statistician, 19 October 2017

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