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The Ministry For Social Development Reported.pdf

impact-of-covid-on-benefit-numbers-in-historic-perspective-12-august.pdf
Preview of the Ministry for Social Development reported
🔗 Source: msd.govt.nz
📊 Size: 430 KB
👤 Author: Moira Wilson
⬇️ Downloads: 38

Summary

The proportion of the working age population in New Zealand receiving a main benefit was 11.8% in June 2020 and is forecast to peak at 16.2% in January 2021, comparable to peak rates during the Global Financial Crisis (12.4%), the Asian Crisis (15.8%), and the early 1990s downturn (16.1%). The proportion receiving an unemployment-related benefit was 4.1% in June 2020 and is expected to peak at 8.1%, comparable to peak rates during earlier shocks. The rate of change in benefit numbers in April 2020 was unprecedented, with an 11.7% increase, and changes in benefit receipt rates vary significantly by demographic characteristics.

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Description

The proportion of the working age population in New Zealand receiving a main benefit was 11.8% in June 2020 and is forecast to peak at 16.2% in January 2021,...

Technical Information

  • File Format: PDF
  • File Size: 430 KB
  • Pages: 17
  • Language: EN
  • Author: Moira Wilson
  • Total Downloads: 38
  • Last Updated: 3 weeks ago

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