Wednesday, October 07, 2015

Asian upward mobility?

Statistics NZ released the latest Income Survey last Friday.

From the tables, the following caught my eye.

Asian median incomes are rising fast. Over the 2011 - 2015 period, their income from self-employment was also growing at the fastest rate; income from government transfers was the lowest and declining (largely reflecting a younger population).

In part the increases across all groups represent a recovery from the GFC but the Asian increase is a stand out.

('All people' = 15 and older.)

1 comment:

Anonymous said...

"Cut benefits to make us work like the Chinese"

I'm sure that advice applies 10 times as much in NZ!

Just when Australia, UK, Europe are cutting benefits to the bone, John Key whacks up the payments and wonders why there are more bludgers!