Many households in New Zealand earn less than the average of $132,000 per year. Even though these individuals have jobs, their incomes are too low to lift them out of poverty. This is often due to rising living expenses, thereby pushing them towards ‘in-work poverty.’
Economist Satish Ranchhod highlights how essentials like food, rent, and non-discretionary expenses like mortgage rates are gobbling up most of the income, leaving little for improving quality of life.
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