Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Huge Majority Think Lump Sum Payment Will Be Effective, Will Spend It Mostly On Basics

67% of New Zealanders think a lump sum cash payment paid to everyone will be an effective way of stimulating the economy.

A Horizon Research survey finds 23% think it will not be effective.

The results mean an estimated 2,405,200 adults think a lump sum payment will be effective, while around 841,300 think it will not be.

10% are not sure if it will be effective.

How much:

When it comes to how much should be paid as a lump sum, however, 25% are not sure.

Peak support is at 20% for a $1,500 payment.

Around half of adults support a payment of between $1,000 and $2,000.

4% say $200, 4% say $3000 and 6% say more than $3000.

Personal income

There is a majority view across all income groups that a lump sum cash payment will be effective, except among those with annual incomes of $200,000 or more. 39% of this group think it will be effective, 60% think it will not be.

71% of those on incomes of $20,000 or less a year believe it will be effective, 70% of those with incomes of between $50,001 and $70,000 a year (which includes most earning the average wage).

How effective would paying a cash lump sum to every person in New Zealand be to stimulate the New Zealand economy? (Results by personal income):

Households

By household type, the view that a lump sum payment would be an effective way of stimulating the economy is highest at 79% among those who are flatting and boarding, followed by

  • One parent families with three or more children (78%)
  • One parent families with one or two children at home (73%)
  • Two parent families with three or more children at home (69%), and
  • Extended families (68%).

Those below the overall effectiveness result of 67%, include

  • Couple only households with no children at home (the largest household type) 63%
  • Two parent families with one or two children at home (63%)_, and
  • Single person households (64%).

How a lump sum payment of $1,500 would be spent

If a lump sum payment of $1,500 were paid most New Zealanders will spend it on household food or groceries (40%), utility bills (30%) and other household living expenses (29%).

Perhaps in a reflection of jobs lost and working hour reductions as a direct result of COVID-19, 24% would save it.

Among the most selected ways to spend it are warm clothes for me or my family (20%), personal health care (18%), heating (14%), paying rents(13%) and meeting children’s basic needs (12%).

However, 17% said they would spend at least part of any lump sum payment on taking a holiday in New Zealand. This may reflect other Horizon Research results which find that large numbers want to take a domestic holiday in the 12 months after restrictions are eased to allow this, and around 89% want to visit friends and relatives when allowed.

2% say they will use it to finance a vehicle, 1% to finance a new loan, and 1% to stock up on alcohol.

Some economists supporting a lump sum cash payment as a way to stimulate the economy argue most of the money would be spent on basics. The survey supports this view.

Note, respondents could select more than one item and the result reflects the range of spending, not sole spending on a single item.

Results are from an April 28-30 survey of 1,150 members of Horizon’s specialist online research panels representing the New Zealand adult population at the 2018 Census. At a 95% confidence level, the maximum margin of error is +/- 2.9% overall. Detailed results are available from Horizon Research.

www.horizonpoll.co.nz

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The George Floyd Protests

Poverty, discrimination and repeated acts of police brutality all help to explain the rage being expressed on the streets of American cities right now after the death of George Floyd but there is a more immediate cause as well: Decades of research on police shootings and brutality reveal that officers with a history of shooting civilians, for example, are much more likely to do so in the future compared to other officers... More>>

 

Gordon Campbell: On The Twitter Wars, And The Muller Muddles

Whatever the failings of our own politicians, spare a kind thought for the majority of Americans who did not vote for Donald Trump. Sure, it was depressing this week to watch Todd Muller clinging for dear life to his talking points on Q&A, ... More>>

ALSO:

Green Party: Statement On The Death Of George Floyd

“Today and every day we stand in solidarity with George Floyd’s family, friends and community who feel pain and fear about his untimely death at the hands of Minneapolis police”, said Green Party Co-leader and Māori Development spokesperson Marama ... More>>

ALSO:


Government: Freshwater Package Backed By Comprehensive Economic Analysis

Decisions on the Action for Healthy Waterways package are supported by comprehensive environmental and economic impact analysis by leading New Zealand research institutes, universities, and private sector firms. More>>

ALSO:

National: "Todd Muller Announces Shape Of Next Government"

National Party Leader Todd Muller has announced the line-up of the next Government. “New Zealand is facing perhaps the toughest time that almost anyone alive can remember. “We are borrowing tens of billions of dollars to get us through this crisis. There ... More>>

ALSO:

Lockdown Rules: Government Must Explain Why We’re Still At Level 2

The Government needs to explain to New Zealanders why it won’t consider a move to Alert Level 1 for another week, Leader of the Opposition Todd Muller says.
“Kiwis have made enormous sacrifices to flatten the curve, but if their efforts still aren’t enough to move to Level 1 then the Government must explain why.... More>>

ALSO:


Gordon Campbell: On National’s Day Of Reckoning

Congratulations. You are one of the 55 members of the National caucus being called together tomorrow to choose who will lead you to either (a) catastrophic or (b) honourable defeat on September 19, thereby saving some (but not all) of the jobs currently on the line. Good luck. Your decision process starts NOW... More>>

ALSO:


Budget 2020: Jobs Budget To Get Economy Moving Again

Investments to both save and create jobs in Budget 2020 mean unemployment can be back to pre COVID-19 levels within two years and could see the economy growing again as early as next year. More>>

ALSO:

Government: Queen's Birthday Honours List 2020

The New Zealand Order of Merit The Queen has been pleased, on the occasion of the celebration of Her Majesty's Birthday, to make the following appointments to The New Zealand Order of Merit: DNZM To be Dames Companion of the said Order: Distinguished ... More>>

Government: Support For Arts And Music Sector Recovery

A jobseekers programme for the creative sector and four new funds have been set up by the Government to help our arts and music industry recover from the blow of COVID-19. Thousands of jobs will be supported through today’s $175 million package ... More>>

ALSO:

Government: New Zealand Joins Global Search For COVID-19 Vaccine

Foreign Affairs Minister Winston Peters, Research, Science and Innovation Minister Megan Woods, and Health Minister David Clark today announced a COVID-19 vaccine strategy, which will enable New Zealand scientists to contribute to global research efforts ... More>>

ALSO:

The Dig: Steady State Economics: We’ve Got Some (systems) Thinking To Do

In this time of impending economic and ecological crises, we urgently need to aim for a sustainable or ‘steady state’ economy. In order to get there, we will need to adopt a ‘systems-thinking’ outlook taking into account the interconnections of our complex world.

In short, we’ve got some systems thinking to do... More>>

ALSO:

Election 2020: Parties Get Into gear

The Green Party is pleased to reveal its candidate list for the upcoming election. With a mix of familiar faces and fresh new talent, this exceptional group of candidates are ready to lead the Greens back into Government. Using the most democratic list ... More>>

ALSO:

Insight Into Regenerative Agriculture In New Zealand

There is a fast growing movement in New Zealand that has been happening out in paddocks, fields, gardens and hill country across the nation. It is a movement that holds the promise to reshape our productive land use industries towards systems that work with the natural environment to regenerate the land. The movement is that of regenerative agriculture. More>>

ALSO:

Covid-19: Tracer App Released To Support Contact Tracing

The Ministry of Health has today formally released the NZ COVID Tracer app to support contact tracing in New Zealand. Kiwis who download the app will create a digital diary of the places they visit by scanning QR codes displayed at the entrances to ... More>>

ALSO:


Govt: Deep Concern At Hong Kong National Security Legislation
Foreign Affairs Minister Winston Peters today reiterated the deep concern of the New Zealand Government following confirmation by China’s National People’s Congress of national security legislation relating to Hong Kong.... More>>

ALSO:


 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels