Talk Money: July 27, 2015
A new study has found that New Zealand ranks third in the world for a new measure of household wealth.
Researchers at Motu Economic and Public Policy Research have found that New Zealand ranks just behind the United States and Canada for what they call "material wellbeing".
They looked at the consumption of goods (books, internet connections, whiteware and cars) by households with a 15-year-old child.
But the study also found that New Zealand has higher levels of inequality than many developed countries, including Australia.
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