Wednesday, December 06, 2006

Income



According to this graph roughly 35 percent of people aged 15 and over have an income of $15,000 or less. You might be tempted to think a few people are telling porkies. But take into account;

500,000 superannuitants, 300,000 15-20 year-olds, 300,000 working age beneficiaries, some thousands of non-working partners/stay home parents and it begins to make sense.

So when commentators start talking about our low median income, especially Maori, remember how it is calculated. It is sometimes confused with median wages or salaries.

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