• Liam Dann: NZ Herald business editor at large on collective household net worth dropping $42.7 billion

  • Jul 6 2023
  • Length: 5 mins
  • Podcast

Liam Dann: NZ Herald business editor at large on collective household net worth dropping $42.7 billion By cover art

Liam Dann: NZ Herald business editor at large on collective household net worth dropping $42.7 billion

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  • Summary

  • New Zealanders are getting less wealthy and saving less money, according to new Stats NZ data.

    The region's collective household net worth dropped $42.7 billion or 1.9 per cent, in the March 2023 quarter.

    The data shows the value of financial assets also fell, by $8.3 billion.

    NZ Herald business editor at large Liam Dann says falling house prices and reversing pandemic stimulus are the key factors.

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