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The ability of working New Zealanders to raise their incomes was noworse than other developed nations, the government said Wednesday,after a university study said one in five households reported"chronic low income" for most of the last decade. Finance Minister Bill English said the University of Otago report,which analyzed changes in income and deprivation from 2002 to 2009,confirmed "substantial income mobility over the period, with manyNew Zealanders moving in and out of different income bands." "For example, only a quarter of those whose income was assessed tobe in the bottom 10 percent of incomes in 2002 were still in thatposition in 2009. That's comparable to other countries such asAustralia and the United Kingdom," English said in a statement. The report showed "only a small proportion" of New Zealanders spentlong periods on low incomes and in deprivation, he said. The "Dynamics of Income and Deprivation" study defined low incomeas a household income below 60 percent of the median householdincome of 25,800 to 33,950 NZ dollars from 2002 to 2009, andchronically low income as below 27,000 NZ dollars. It said 21 percent of 18,000 respondents had an average annualgross household income below 27,000 NZ dollars (21,230 U.S.dollars)from 2002 to 2009, with chronic low income rates higher forindigenous Maori, households with children, and people aged over65. The research showed New Zealand's high annual income mobility, went"both up and down the scale," with half of the families andhouseholds in the middle income group moving each year, said astatement from the university. However, about 50 percent of the people surveyed experienced one ormore years of low income at some stage in the survey period,according to researchers. The opposition Green Party said the survey showed that half of allNew Zealanders knew "first-hand what it means to struggle to getby" and the income gap was continuing to widen as governmentpolicies caused further deprivation. "It also reveals a disturbing percentage of households -- 12percent -- are likely to have visited a food bank or received moneyor clothes from a community organization," Green Party Co- leaderMetiria Turei said in a statement. The survey showed it was time for real costings into what familiesactually needed to earn to run a household in a way that enabledpeople to not just survive, but participate fully in society, Tureisaid. We are high quality suppliers, our products such as China Masterbatch Black , Colour Master Batch for oversee buyer. To know more, please visits Plastic Resins.
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