nz wealth distribution

There is an obvious link between income and asset acquisition. Unsurprisingly, people with higher incomes tend to have more assets.

But the relationship seems to begin at about $50,000 per annum. Below that level, households struggle and live hand-to-mouth.

As the median level of income for individuals is about $30,000, and the median for households is $50,000, half of the population are on incomes that make it difficult to save.

Some incomes advance with age, but many New Zealanders will never exceed the median income.

http://www.interest.co.nz/opinion/opinion-inequality-nz-why-wealth-accumulated-dangerous-way