Source: MIL-OSI Submissions
Household net worth falls in March quarter – Media release
14 July 2022
Household net worth fell in the March 2022 quarter by $42.3 billion, or 1.7 percent, Stats NZ said today.
This is the largest quarterly decrease in household net worth since the fall of 0.3 percent in the June 2019 quarter.
Net worth is the value of all assets owned by households less the value of all their liabilities, or what they owe.
The value of total household assets fell $38.2 billion while liabilities rose $4.1 billion, both contributing to the overall decrease in net worth.
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