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Weekly income now at $667 IN THE June 2007 quarter, the average weekly income for all people from all sources was $667, Statistics New Zealand has said.This information comes from the annual New Zealand Income Survey, which is run during the June quarter (April to June). The survey provides a snapshot of income statistics on people and households. The $667 average weekly income (mentioned above) was an increase of 9.4 per cent from the June 2006 quarter average of $610, and was the highest annual per centage increase since the June 2002 quarter. This change was mainly due to a rise in wages and salaries and investment income. Increases in the number of wage and salary earners were similar for males and females, up 2.0 per cent and 1.3 per cent, respectively. For those receiving wage and salary income, the average weekly wage and salary income increased more for males (up 8.7 per cent) than for females (up 6.0 per cent). The larger increase for males was due to a combination of factors, including more males being represented at the higher wage and salary income levels, and more males in full-time employment. Median (half receive more, and half receive less than this amount) hourly earnings for people receiving income from wages and salaries rose from the June 2006 quarter to the June 2007 quarter, up $1.00 to $18.00 (5.9 per cent increase). Males increased by $0.97 to $19.10 per hour and females increased by $0.90 to $16.78 per hour. All industries and occupations experienced increases in both average (mean) and median hourly earnings compared to the same quarter of the previous year. Over the year, average weekly investment income for those receiving investment income increased by 29.1 per cent (to $137). Age groups with the highest average weekly investment income were the 60- to 64-year age group and the 55- to 59-year age group ($265 and $232, respectively). Both these age groups also received the highest average weekly investment income for all people. |
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