INCOMES OF MEN

Bay of Plenty Beacon, Volume 2, Issue 194, 2 August 1940, Page 8

INCOMES OF MEN

AVERAGE OF £253 A YEAR IN" NEW ZEALAND An average annual Income of £25,3 was earned by males in New Zealand, aged 36 years and over, during the year ended -March 31, 1939, according to the latest Abstract of Statistics. More than 42 per cent of the persons whose returns were studied earned between £200 and £349 a year. The figures were compiled from the social security declarations. Many declarations were received late and the number of returns available for tabulation was 41,829. All these returns were furnished bj- males, declarations from females not yet having been tabulated. Of the 41,829 returns tabulated, 431,191 males showed an aggregate income of £114,637,376. A further 18,500 had no income, while 2138* recorded losses outweighing their receipts for the year. The average net loss was £170 a head. ' Omitting persons with no income or with a net loss of income, the total-income of £114,637,376 was derived from income levels as follows: p.c. p.c. Under £150 8.5 £400-499 8.3 I £150-199 7.9 £500-749 9,5 £200-249 13.2 £750-999 4.5 £250-299 16.9 £1000-19£>9 6,6 £300-349 12.3 £2000 or over 4,7 £350-399. 7.0 Among the 541,829 returns tabulated, the largest group .came in the £260 to £285 a year class, a total of 39,310 making up this section. A total of 19 pejrsons had total incomes of between £10,000 and £14999 a. year, while seven had from incomes from £15,000 to £19,999. Four had incomes of £20,000 or over, either total incomes being £95,000. The aggregate private incomes for the year ended March 31, 1939, was £185,500,000, against £173,000000 in the previouus year, and £157300,000 in 1936-37. In 1934-35, the total was £106,400,000. While the aggregate private income has risen by £12,500,000, the value of produc J tion had fallen by £300,000.