Kiwis over 65 lead jump in income from self-employment

Older New Zealanders may be less inclined to put their feet up, the latest quarterly income survey shows.

(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.

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