A new book entitled Inequality: A New Zealand Crisis
examines the explosion in the rich-poor divide during the last 30 years, its effects on our society, and how it might be reversed.
Once known as an egalitarian society, New Zealand has seen inequality increasing more rapidly than almost anywhere else in the developed world.
*From the mid-1980s to the mid-2000s, the gap between the rich and the rest has widened dramatically . This has become a source of concern to many New Zealanders, as evidence suggests that it divides communities and harms us all, both socially and economically.
The average household in the top 10 per cent of New Zealand has nine times the income of one in the bottom 10 per cent; and
The top 1 per cent of adults owns 16 per cent of New Zealand’s total wealth, while the bottom 50 per cent owns just over 5 per cent.
To purchase the book go to this press release HERE