Being a part of a functioning healthy society is not about playing a zero-sum game!
So in case you missed it, this week Statistics New Zealand released June 2015 data which shows that, when examining household net worth, the top ten percent of New Zealand households account for almost half of total wealth, while in contrast the bottom 40 percent hold 3 percent of total wealth. Whichever way you spin it (and some economists have tried to spin it!) the growing divide between ‘the haves’ and ‘the have nots’, cannot be a good thing, for anyone.
Now bringing this home, I have a confession to make. It wasn’t until I was 24 years old that I found out what household net worth was, let alone how I could calculate what mine was. 24! By which time I had already been working (at least part time) for nine years, already had a massive student loan debt and already had HP debt up to my eyeballs: yet
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