27 Jul 2015

Study of material well-being shows NZ richer but also unequal

From Business News, 6:47 am on 27 July 2015

The latest study has found New Zealand is richer and performing better than it's given credit for, but it's also one of the more unequal developed countries. Using consumption rather than income as a indicator of well-being, the economic researcher Motu Research found New Zealand had the third highest level of material well-being for households with a 15-year-old across 40 countries in 2012, behind the US and Canada and ahead of Australia.