29 Nov 2012

Income gap closed in past year

3:30 pm on 29 November 2012

An income gap between the lowest-earning households and those at the top has closed in the past year.

According to Statistics New Zealand's Household Economic Survey, the bottom fifth of households earned less than $33,345 in 2011.

This year's survey shows the number of households earning that amount fell almost 8%.

At the same time, the number in the top quarter of household income of above $104,000 rose by 7%.