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The state of our nation 1999-2007 – some facts

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  • The state of our nation 1999-2007 – some facts

    The state of our nation 1999-2007 – some facts
    Tuesday, 30 January 2007, 4:56 pm
    Press Release: New Zealand Government
    Hon Steve Maharey
    Minister of Education
    30 January 2007

    The state of our nation 1999-2007 – some facts and examples

    Living standards

    * 61,000 children have been lifted out of poverty under Labour
    * Child poverty rates fell from 27 to 21 per cent in the 3 years to 2004
    * Working for Families is predicted to reduce child poverty by up to 70 percent
    * Incomes for the poorest households have increased in real terms since 1999
    * The cost of housing for people on low incomes has fallen dramatically - households spending more than a third of their income on housing fell from 42 percent in 2001 to 35 percent in 2004
    * Working for Families means families earning less than $35,000 will effectively pay no tax by 2008

    Unemployment
    * New Zealand has achieved the lowest recorded unemployment since 1982 and the second lowest in the OECD
    * We have the highest number of Kiwis ever in work at 2.1 million
    * Long-term unemployment fell by 70 percent since 1999

    Outcomes for Maori
    * Median incomes for Maori increased by 24 percent in real terms between 2001 and 2006 – faster than for the population as a whole
    * The number of Maori receiving the unemployment benefit dropped from 41,000 in 1999 to 15,000 in 2006 - a reduction of 64%.
    * There has been a huge leap in the number of Maori earning more than $50,000 (from 14,850 in 2001 to 33,070 in 2006). The number of Maori earning less than $20,000 dropped by over 11% between 2001 and 2006.

    Justice
    * NZ has the lowest recorded crime rate in a generation
    * Recorded crime has continued to decline from the early 1990s, from a peak of 1322 crimes per 10,000 population in 1992 to 994 in 2005.
    * The number of murders has stayed roughly constant the past 10 years. The highest recorded number was in 1996.
    * 1000 extra frontline police staff will be in place over the next three years.
    * Emergency 111 targets are being met consistently.

    http://www.scoop.co.nz/stories/PA0701/S00205.htm
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  • #2
    Cost of housing fallen dramatically

    The cost of housing for people on low incomes has fallen dramatically - households spending more than a third of their income on housing fell from 42 percent in 2001 to 35 percent in 2004


    A great majority of low income earners rent. And are thus not paying mortgages which is a higher cost than renting. So the fall on cost of housing is I believe because more are renting - where is the rest of the income being spent?

    Comment


    • #3
      Hi Actionman

      Interesting question.

      I suspect...just in surviving.

      More renting because they can't afford to buy.

      Rents are not rising as fast as house values and landlords returns are dropping all the time.

      Putting money in the bank is sounding better all the time.
      7.5% from the bank is better than 5% returns on proprerty.

      Regards
      "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

      Comment


      • #4
        Originally posted by muppet View Post
        7.5% from the bank is better than 5% returns on proprerty.
        Is that the joke of the day?

        ps I started a thread some time ago titled like "Better Off in the Bank?"

        Comment


        • #5
          The cost of housing for people on low incomes has fallen dramatically - households spending more than a third of their income on housing fell from 42 percent in 2001 to 35 percent in 2004
          Are the two parts of this statement related?

          Are the 'households' mentioned in the second phrase 'low income' ones? It isn't clear.

          What is clear is that renting is a choice by some higher-earning people, which would push down the number of people spending more than 1/3 of their income on rent.

          cube
          DFTBA

          Comment


          • #6
            Hi Muppet

            The statistics was twisted to show that the Government has achieved a lot in reducing housing costs for low income.

            This costs reduction is a reflection of the increased numbers renting as houses are increasingly unaffordable to low income earners.

            NZers are more in debt (household) and especially low income earners. This is where the savings from rents are going.(http://www.rbnz.govt.nz/keygraphs/Fig5.html)

            So the use of the statement by the honorable Minister to potray that the low income are better off is wrong.

            Comment


            • #7
              Hi Actionman

              You said:
              The statistics was twisted to show that the Government has achieved a lot in reducing housing costs for low income.
              Yes I know.
              That's why I posted in Forum Funnies.

              Regards
              "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

              Comment

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