New Zealand’s world-beating jump in wealth down to ‘rise of landed gentry’, says economist - short news
Warning of increasing inequality as global wealth report shows average wealth per adult in NZ jumped US$114,000 in 2020
New Zealanders have topped the world for the biggest annual jump in wealth, however one prominent economist warned the figures were further evidence of growing inequality in a country that is experiencing “a rise of the landed gentry”.
The global wealth report by investment bank Credit Suisse shows New Zealand experienced the biggest spike in average wealth..
source: The Guardian - 21.09.2022