What do we think of the Wealth Statistics in this article on Interest.co.nz
Wealth among top 1, 5 and 10 percent is growing.
However distribution is on a par with other OECD countries.
The wealthiest among us invest in shares etc....as they have the readies to do so.
So in theory mortgage debt at 6 times income - interesting.
cheers,
Donna
Wealth among top 1, 5 and 10 percent is growing.
However distribution is on a par with other OECD countries.
The wealthiest among us invest in shares etc....as they have the readies to do so.
The most-valuable asset held by Kiwi households was the house they lived in, which made up 59% of all non-financial assets. One in two households owned the house they lived in. Housing also contributed the most to debt levels – mortgage debt was over 60% of household liabilities.
Stats NZ reports 14% of New Zealand households own real estate other than the home they live in (holiday homes, timeshares, commercial and residential investment properties, land).
Donna
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