This chart from the Household Incomes Report is worth deeper inspection.
Each row adds up to 100%, so, for example, 12% of people 0-17 are in the top quintile (top 20%) of households by income.
I want to call out three findings:
Maori and Pacific Island households are much less likely to be wealthy, and likely to be poor. We need to do better.
25% of European/Pakeha households are in the top 20% of earners, but only 9% of Maori and 6% of Pacific Islanders are in the top 20% of earners. 33% of Maori and 35% of Pacific Island households are in the bottom 20% of earners.
That’s a systematic gap that percolates throughout society, and we need to fix it.
Old people are poor (in income), but well looked after.
35% of households with 65 year olds earn in the bottom 20% of household incomes and just over half of all 65+ year olds living alone have income in the bottom 20%.
Our society has delivered to these people with a guaranteed basic income (superannuation), free health care and free public transport travel.
Single parents are poor, but not so well looked after.
50% of single parents are in the bottom 20% of household incomes.
We have not provided these parents with a no-strings guaranteed basic income nor with free public transport.
They have more expenses than old people (aside from health care) and making sure their kids are raised in a secure environment has large and positive future impacts on society. We can do better.