Bernard Hickey: How Kiwis get rich

  • How do New Zealanders get richer? It seems an obvious question, but it’s one we seem to be ignoring.

New Zealanders make a lot of wrong assumptions about wealth and income that we hope our leaders won’t copy, but appear to be doing a lot of lately.

To cut to the chase on what most of us think and do about wealth: we get a regular high-paying job so we can save a deposit and then borrow heavily to buy a house to live in.

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We seem to see housing as the route to wealth. Photo / Getty Images

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