Income report highlights NZ housing crisis

Data from the Ministry of Social Development shows that incomes have increased fairly evenly across New Zealand’s families but housing costs are disproportionately hitting the poorest.

The report has led to widespread criticism of the government’s record on tackling housing affordability and income equality.

The New Zealand Initiative think tank highlights that real incomes have increased over the past 20 years or so by roughly the same percentage for those in the twentieth percentile to those in the middle.

However, housing costs are pressuring families, particularly those at the lower end of the income scale. Income inequality is worse after including housing costs.

Data from the Ministry of Social Development shows that incomes have increased fairly evenly across New Zealand’s families but housing costs are disproportionately hitting the poorest.

The report has led to widespread criticism of the government’s record on tackling housing affordability and income equality.

The New Zealand Initiative think tank highlights that real incomes have increased over the past 20 years or so by roughly the same percentage for those in the twentieth percentile to those in the middle.

However, housing costs are pressuring families, particularly those at the lower end of the income scale. Income inequality is worse after including housing costs.

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