New Zealand's astounding wealth gap challenges our 'fair go' identity | Max Rashbrooke

New knowledge displays the richest 1% are price 68 occasions greater than a normal New Zealander

The level of wealth inequality in supposedly egalitarian New Zealand has been laid naked by means of figures appearing the wealthiest folks have over NZ$140bn (US$93bn) stashed away in trusts – and total have just about 70 occasions extra belongings than the everyday Kiwi.

The brand new knowledge, drawn from the 2017-18 Family Financial Survey, are more likely to underestimate true inequality, because the ultra-wealthy are in most cases reluctant to participate in such surveys.

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