Results from a Statistics NZ economic survey have just been released and they show;
As in 2001, the latest survey shows that Europeans have by far the highest median net worth ($86,900), followed by Asians ($21,000), others ($19,000), Maori ($18,000) and Pacific people ($6700).
These figures reflect, in part, the demographic of the various populations. The lower net worths belong to groups with very young populations. And Maori and Pacific people rent rather than buy properties. Also many European youngsters spend their early years out of NZ returning wealthier than they left. During the period when they have negative wealth they are not here to be counted. This will also skew the figures.
Still the differences are quite staggering. Wait till the Maori party get a hold of it. Expect a statement by lunchtime. Notice that Maori have almost three times the net worth of Pacific people. I wonder if Tariana will say anything about that?
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