Thursday, April 22, 2021

Child poverty stats

Child poverty stats are a joke.

If grown-ups get collectively poorer, children get richer (relatively).

Never has this been better illustrated than by a just-announced Stats NZ cock-up.

They have recalibrated recently released child poverty stats and they are better than initially thought. How convenient.

Treasury , "identified several respondents incorrectly reporting the superannuation payments they received, resulting in double counting their income from superannuation, which has also been resolved in this corrected release.

The corrections resulted in a change to the median income for the year ended June 2020, which is used to provide the thresholds for child poverty reporting. The median equivalised disposable household income for the year ended June 2020 before housing costs are deducted reduced from $42,486 to $41,472. After housing costs are deducted, it reduced from $32,579 to $31,717."

If the threshold goes down, fewer children fall below it.

None of this makes children materially any better off.

But it might make the PM puff her chest out.

Stand by.

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