COMMENT:

New Zealand household or individual wealth has increased massively over the past two decades, as demonstrated by the figures in the accompanying table.

According to Reserve Bank of New Zealand (RBNZ) figures, total net household wealth has soared by $1166 billion, from just $414b in 1999 to $1580b at present.

Over the past decade net worth has expanded by $738b, compared with $428b in 1999-2009.

Advertisement

Average wealth has expanded more slowly because the country's population has increased from 3.8 million in 1999 to 4.3 million in 2009 and nearly 5 million at present. Consequently, average net wealth has grown

Advertisement