New Zealand is the world’s sixth richest country. But wealth is unevenly shared, and when it comes to the median income, New Zealand drops to eighth. Only the US, Belgium, Switzerland, Norway and Australia rank ahead on per adult wealth, according to the Global Wealth report from investment bank Credit Suisse. Continue reading
Posts Tagged ‘income inequality’
Wage gaps described as economic apartheid
Tuesday, April 26th, 2016A new study has found large wage gaps between expatriate and local staff in developing countries reduces the effectiveness of aid delivery. The report said some Pacific Island countries had taken to calling the dual salary system ‘economic apartheid’, with the ratio of expat to local salaries ranging from 2:1 to 10:1 for staff with Read more
Three myths about child poverty
Tuesday, October 9th, 2012
Child poverty in New Zealand is unacceptably and unnecessarily high and it can be reduced, and it ought to be according to Professor Jonathan Boston. “Doing so would constitute a great investment in all our futures. But it will require public support, sensible policies, sustained effort and political will.” Boston says there are three myths about Child Poverty in Read more
- Children's Commissioner's Report on Child Poverty
- Unicef Report on Child Poverty
- Child poverty costs NZ $10b a year - expert
- Parents are the real source of child poverty says Michael Laws
- Brief Statistics on Child Poverty in New Zealand
- Bay kids' heartbreaking poverty
- A sobering report. 270,000 New Zealand children live in poverty
Income gap between the races gets wider
Tuesday, July 31st, 2012New Zealand’s persistent income gap between Maori and Pacific people and the European majority has widened sharply during the recession. A quarterly update on vulnerable families by the NZ Council of Christian Social Services has found that European median incomes have risen slightly despite the recession of the past four years, but those of Maori Read more
New Zealand families feel the income squeeze
Tuesday, December 6th, 2011
More New Zealand households are under financial pressure than ever. New Zealand families are under growing financial stress as stagnating wages and salaries prove inadequate to cover spiralling costs – and even top-tier earners are feeling the squeeze. According to Statistics New Zealand’s Household Income Survey, 29,200 more families now rate themselves as having incomes Read more
Wealth and talent occupy tent city
Tuesday, December 6th, 2011A former millionaire property guru and a wealthy business owner now call tents their homes.
Chris Glen claims he has slept in Aotea Square for 50 nights as part of the global Occupy protest. Glen is financially stable as an owner of two pubs and a cafe in Manchester in the UK and doesn’t need to be working.
Read the article...A generation growing up with increasing income inequality
Friday, September 16th, 2011
A generation of kids have grown up with increasing income inequality and high levels of poverty. “The violence, poor health and lack of educational success of our poorest kids is a direct consequence”, said Ruby Duncan, President of the New Zealand Council of Christian Social Services (NZCCSS). “Our members do not want to be constantly Read more
Income inequality in Aotearoa New Zealand
Tuesday, June 28th, 2011
On 2 June Archbishop John Dew was one of the Church Leaders invited to speak at the launch of the Closer Together: Whakatata Mai information programme. This is a project of the New Zealand Council of Christian Social Services of which the Catholic Church is one of the six member churches. The project is targeted specifically Read more