Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Kiwis over 65 lead jump in income from self-employment

Kiwis over 65 lead jump in income from self-employment

Oct. 4 (BusinessDesk) – Older kiwis may be less inclined to put their feet up, based on the latest quarterly income survey, which shows a jump in income for the self-employed aged 65 and above.

The median weekly income from self-employment for those aged 65 and above increased by $19 a week, or 5.3%, to $384, according to Statistics New Zealand’s June quarter income survey. The proportion of that age-group getting income from self-employment rose to 7.5 percent from 6 percent.

For all New Zealanders surveyed, the median weekly income from all sources rose 1.8 percent to $560 and for those receiving income from wages and salaries, up 0.7 percent to $806. Median hourly earnings climbed 2.4 percent to $20.86.

The number of people receiving income from government transfers lifted 3 percent, with a 5 percent jump in the number of people aged 65+ being the main contributor to this rise.

The median weekly income from all sources for Maori was up 3.4 percent to $475, while the equivalent non-Maori increase was 2.7 percent to $575 a week.

Aucklanders had the highest median weekly income from paid employment at $863, and Wellington the second-highest at $850.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Petya: New Ransomware Campaign Hits Worldwide

A new ransomware campaign known as Petya is affecting computer networks using Microsoft Windows. It was first seen affecting systems in the Ukraine, but is quickly spreading across other computer networks in Europe. More>>

ALSO:

Skodafone Goneski: Sky TV, Vodafone Drop $3.44 Billion Merger Plan

Sky Network Television and Vodafone New Zealand have terminated their merger agreement which aimed to create the country's largest telecommunications and media group, and have withdrawn an appeal against the Commerce Commission's rejection of the plan. More>>

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>