Kiwis over 65 lead jump in income from self-employment
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(BusinessDesk) Older Kiwis may be less inclined to put their feet up, based on the latest quarterly income survey, which shows a jump in income for the self-employed aged 65 and above.
The median weekly income from self-employment for those aged 65 and above increased by $19 a week, or 5.3%, to $384, Statistics New Zealand's June quarter income survey shows. The proportion of that age-group getting income from self-employment rose to 7.5% from 6%.
For all New Zealanders surveyed, the median weekly income from all sources rose 1.8% to $560 and for those receiving income from wages and salaries, up 0.7% to $806. Median hourly earnings climbed 2.4% to $20.86.
The number of people receiving income from government transfers lifted 3%, with a 5% jump in the number of people aged 65-plus being the main contributor to this rise.
The median weekly income from all sources for Maori was up 3.4% to $475, while the equivalent non-Maori increase was 2.7% to $575 a week.
Aucklanders had the highest median weekly income from paid employment at $863 and Wellington the second-highest at $850.