Latest figures from Stats NZ show that in the June quarter the net worth of New Zealand households fell $88.9 billion (3.7%). On the net worth figures, Stats NZ's national accounts - institutional sectors senior manager Paul Pascoe said household net worth had increased $427.6 billion in 2021. "Despite the last two quarters’ falls, household net worth of $2,347.0 billion was still higher than the level at December 2020 of $2,048.3 billion," he said. Pascoe said New Zealand households spent less in the June 2022 quarter, while also experiencing steady income growth. In the June quarter household incomes grew 1.6% to $54.9 billion, following a 2.2% increase in the March quarter.

Source: Stuff October 20, 2022 11:40 UTC