Mr and Mrs Middle New Zealand: Median NZ household income falls
Monday 21 May 2012 4:26 p.m.
When you look at household incomes throughout New Zealand, it may surprise you to find out that while the average has increased to $79,000, the median household income has fallen.
What's the difference?
An average can be skewed by very high figures. So if the top 10 percent earned more while everyone else stayed the same, the average would increase.
But the median simply measures the middle, so for it to drop suggests more people are earning less.
$62,853 - half of all New Zealand households earn more than that, half earn less.
Reporter Lachlan Forsyth explores what seems to be a growing problem with being able to afford to live in New Zealand.
Watch the video to see his report.