Inflation gap between rich and poor widens to worst level since GFC
Analysis finds inflation is hitting low-income and elderly New Zealanders harder than middle-income earners, reversing patterns from previous crises.
Inflation's impact is creating the widest disparity between income groups since the global financial crisis, with poorer and elderly households bearing a disproportionate burden. This contrasts with four years ago, when rising interest rates primarily affected mortgaged middle-income voters. The current cost-of-living squeeze is hitting different demographics than previous economic downturns.
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Worst gap since GFC: Inflation is hurting poor and elderly more than middle NZ
Analysis: Four years ago, a sharp hike in interest rates hit mortgaged swing voters – but this time, it’s different The post Worst gap since GFC: Inflation is hurting poor and elderly more than middle NZ appeared first on Newsroom…
Newsroom
Worst cost of living gap since GFC hurts poor and elderly more than middle NZ
Analysis: Four years ago, a sharp hike in interest rates hit higher income mortgaged swing voters – but this time, there’s a chilling difference