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.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.