Little Change in Income Since June 2011
Oct 10th 2012, 2:00 pm
#1
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Little Change in Income Since June 2011
"New Zealand Income Survey results for the June 2012 quarter showed no significant increase in income from all sources since the June 2011 quarter, Statistics New Zealand said last week.
Between the two June quarters, median weekly income, for all people, from all sources, did not rise significantly – up 1.8 percent from $550 to $560. Although there was little overall change, income increased for the 20–24, 60–64, and 65 and over (65+) age groups."
Just an FYI for anyone interested. I've just added a Statistics New Zealand information release to our news section here
Between the two June quarters, median weekly income, for all people, from all sources, did not rise significantly – up 1.8 percent from $550 to $560. Although there was little overall change, income increased for the 20–24, 60–64, and 65 and over (65+) age groups."
Just an FYI for anyone interested. I've just added a Statistics New Zealand information release to our news section here
Oct 10th 2012, 7:46 pm
#2
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Re: Little Change in Income Since June 2011
HaHa Sue.
Remember the pay rise which wasn't? He was offered a dollar an hour extra a year or two ago and then it was taken back.
There has been no rise in income in this household for a good 5 years or more. If anything it's decreased .
Mind you himself nets more than $560. More like $850 pw
Remember the pay rise which wasn't? He was offered a dollar an hour extra a year or two ago and then it was taken back.
There has been no rise in income in this household for a good 5 years or more. If anything it's decreased .
Mind you himself nets more than $560. More like $850 pw
Oct 10th 2012, 8:30 pm
#3
Joined: Jun 2011
Posts: 472
Re: Little Change in Income Since June 2011
I guess you could look on the bright side. Inflation over the same period was just 1%, so there was actually a comparative improvement in the situation re wages vs costs.
Oct 10th 2012, 8:42 pm
#4
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Re: Little Change in Income Since June 2011
The best way to get a pay rise here is to change jobs!
Oct 10th 2012, 8:44 pm
#5
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Re: Little Change in Income Since June 2011
What does the 'inflation' figure include.
Our total costs have certainly risen quite a bit. Our net income has dropped.
Don't get me wrong. We're not looking at the food banks or struggling like some are but it is uncomfortable to be living week on week at our ages.
Our total costs have certainly risen quite a bit. Our net income has dropped.
Don't get me wrong. We're not looking at the food banks or struggling like some are but it is uncomfortable to be living week on week at our ages.
Oct 11th 2012, 7:00 am
#9
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Re: Little Change in Income Since June 2011
Polling was out the other day as well, National will be taken to the abattoir if the polls reflect voting intentions and the Maori Party have taken a big hit. Project those changes to January 2015...
What can National do though? Their big policy was going to be economic growth and that's ground to a halt, unable to outmaneuver the Euro/Asian/Australian problems with cheap money and still saddled with a housing bubble. Their lack of social development is catching them as well with the child poverty problem.
House prices here are a real house of cards, there is the opportunity for base rate movement but with incomes stalled and price-to-earnings at such a high multiple a recession could set off a real domino effect. External economic pressures may prove just such an event.
What can National do though? Their big policy was going to be economic growth and that's ground to a halt, unable to outmaneuver the Euro/Asian/Australian problems with cheap money and still saddled with a housing bubble. Their lack of social development is catching them as well with the child poverty problem.
House prices here are a real house of cards, there is the opportunity for base rate movement but with incomes stalled and price-to-earnings at such a high multiple a recession could set off a real domino effect. External economic pressures may prove just such an event.
Oct 11th 2012, 8:25 am
#10
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Oct 11th 2012, 8:36 am
#11
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Re: Little Change in Income Since June 2011
It's worse in UK. Pay freezes or salary cuts with inflation being higher.
Oct 11th 2012, 11:33 am
#12
you dewty owld maan!
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Re: Little Change in Income Since June 2011
work for yourself and get a good accountant
as Peter Dunne says "tax evasion = bad, tax avoidance = a popular sport in NZ"......
the GST increase arrived just beforehand, well Oct 2010, so it would have been nice to get a bit of help with the increasing costs of those essentials like food......MrsL didn't get any
as Peter Dunne says "tax evasion = bad, tax avoidance = a popular sport in NZ"......
the GST increase arrived just beforehand, well Oct 2010, so it would have been nice to get a bit of help with the increasing costs of those essentials like food......MrsL didn't get any
