Confidence up but wealth gap grows
The 2021 Kiwi Wealth State of the Investor Nation Report was released this morning and shows while the tide is rising for many there are pockets of serious concern – primarily among those with few or no assets.
The survey results confirm Kiwis' financial confidence is on the rise after the Financial Markets Authority released its annual Investor Confidence Report for 2021 last week.
The Kiwi Wealth survey found that more than 25% of New Zealanders feel more wealthy than they did 12 months ago, 70% felt confident about the economy (up 9% on last year) and the number of people who struggle to make ends meet has halved since February 2020 and is now 4% of the population.
In a specific measure of the relationship between wealth and mood, those who have enough money to "do all the things they want" are three times more likely to be happy compared to those who are struggling to make ends meet.
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