The bottom 40 per cent of households hold just 3 per cent of total wealth. Statistics New Zealand shows the top 10 per cent of people have almost 60 per cent of wealth. In New Zealand the net worth of the bottom 20 per cent was less than a quarter of the net worth of the top 20 per cent. The bottom 20 per cent owe more than they own, while the top 20 per cent own more than 20 times what they owe. Half the country's wealth belongs to the top 10 per cent of households.

Source: New Zealand Herald June 28, 2016 01:54 UTC