New household wealth data

The Reserve Bank has just published a revised set of its household balance sheets – how much New Zealand households own and owe.

The data is significant because it includes for the first time some things like how much households have invested in businesses that aren’t listed on the stock exchange.

The result of the changes is to add assets to the total household balance sheet worth around 84% of New Zealand’s annual income – a pretty significant change, and one that I’ll discuss in more detail in following posts.