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Contact:
Foundation for Economic Growth,
P.O. Box 10-282,
Wellington, N.Z.
Email
The Foundation for Economic Growth is a group of like-minded individuals who have decided to act rather than accept New Zealand's continuing poor economic performance. The Foundation is not affiliated with any political party.

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Most recent update: Aug 15th, 2008 - 11:26:43

Our Economy : Ideas For Growth
Kiwis Poverty Immense

A recent flurry of information and discussion in the newspapers (I wrote this in July 2004) has brought to light a very worrying situation. Kiwis are much poorer than Australians. We learned last year that over the last 30 years the average income in Australia has gone from about the same as us to 33% higher.

Information as at May 2007 seems to indicate that the Aussies are now earning 40% more than we are!

What we know is that we Kiwis also have much less in the way of assets than our Aussie cousins. It is becoming more and more obvious that we are poor and getting poorer but the big question is; “What are we going to do about it?”

For one idea see this article. . .


Jul 28, 2004, 16:26