Scoop has an Ethical Paywall
Income Growth Keeps Household Saving High Despite Increased Spending
New Zealand households saved $2.5 billion during the December 2021 quarter as increasing incomes helped offset a rebound in household spending, Stats NZ said today.
Household disposable income grew 2.0 percent in the December 2021 quarter to $52.9 billion. Spending by New Zealanders rose to $50.4 billion in the December 2021 quarter. This is an increase of 6.4 percent, following the fall of 5.9 percent in the September 2021 quarter.
“The December 2021 quarter saw an easing of COVID-19 alert level restrictions and the COVID-19 protection framework that was introduced at the start of December. Households spent more on services and on durable goods such as clothing, footwear, and electrical appliances, which may have been less accessible during level 4 restrictions in the September 2021 quarter,” national accounts institutional sector insights senior manager Paul Pascoe said.
Commerce Commission: Baseline Research Report On The State Of Competition In New Zealand
University of Auckland: Junk Food Designed To Make Us Eat More, Study Finds
Spark: New Report Sets Out Outcomes-Led Approach To Lift Rural Connectivity Using The Right Mix Of Technologies
Bill Bennett: Fixed Voice Rules Head For Deregulation
UN Department of Global Communications: United Nations Proposes New Global Dashboard To Measure Progress Beyond GDP
Banking Ombudsman Scheme: Fraud Check Delays Well Worth The Inconvenience, Says Banking Ombudsman
