The ultimate objective of economic growth is a sustained, broad-based improvement in living standards for all.
Income inequality and insecurity is raising interest in a more socially-inclusive approach to prosperity. As technological disruption and automation bring change or potential job losses, there is further risk of inequity and insecurity.
We're developing a sustainable procurement policy at Council which seeks to ensure social and environmental factors are considered alongside economic factors when procuring services. We provide assistance and advice for those who wish to establish social enterprises which benefit both business and the community.
Support businesses which give back to the community. Think about ways in which your business can contribute to the community and a healthy environment.
|Status||What do we want to achieve?||What has happened?|
Ability to meet the cost of everyday needs
In 2016, 21% of people reported they did not have enough money to meet their everyday needs. In 2018, people reporting they did not have enough money to meet everyday needs decreased to 13%. Further information.
The difference in household income between the second lowest decile (P20) and second highest decile (P80) has increased from 3.1 to 3.4 times in 2016. Further information.
Unemployment by age
Unemployment for Christchurch residents aged 15 to 24 years is two to three times that of the City's overall unemployment rate.
Unemployment in the younger age bracket has been increasing since 2015. Further information.
Not in employment, education or training (NEET) rate for young people
|Christchurch's NEET rate has been increasing since 2015, although it appears to have declined in the last 9 months. Further information.|
The 2018 Quality of Life survey found 52% of households had enough or more than enough money to meet their everyday needs, such as accommodation, food, clothing and other necessities.
Between 2010 and 2016, this proportion decreased from 52% to 42%. 2018 marks the first year since 2010 that over half of respondents report having enough money for their needs.
In 2018, 31% reported their household had just enough money, continuing the overall downward trend since 2006.
In 2018, 13% of respondents reported their household did not have enough money to meet their everyday needs. This is lower than the 21% of households who reported they did not have enough money in 2016, and marks the first decrease since 2010.
Lower income households were more likely to report that they did not have enough money to meet the cost of every day needs. Around 23% of households earning $70,000 or less reported they did not have enough money for the basics, compared with 5.5% of households with incomes over $70,000.
Between 2007 and 2016, the median household income for the second highest household income decile (P80) in Christchurch increased by 51%, from $74,000 to $111,000.
Whereas the median household income for the second lowest decile (P20) only increased by 34% since 2007, from $24,000 to $32,500.
This means the difference between the P20 and P80 households has increased, from the P80 households having 3 times the income of the P20 household in 2007 to 3.4 times in 2016.
These figures are comparable to those for New Zealand as a whole. The level of disparity at the national level have remained relatively constant over time.
Before the earthquakes, Christchurch had slightly less disparity than New Zealand, but Christchurch exceed the national ratio between 2013 and 2015. It has since converged to the national level in 2016.
The unemployment rate for age groups over 25 years of age tend to be very similar to the average for the city. In most cases they are lower than the average. The unemployment rate for people aged 25 to 34 years is the highest of these – but generally fluctuates around the average.
The unemployment rate for people aged between 15 and 24 years is two to three times the average for the city. Since 2007, it has ranged between a 12-month running average of 6 and 18%. This compares with a running average of 2.9 and 6.1% for Christchurch's total unemployment rate.
Unemployment for people aged under 25 years was high from 2009 until mid-2013, when the rebuild had a significant impact on unemployment in the city. From 2013 until 2016, unemployment for those aged under 25 years averaged around 8%. Since then, it has increased to 11% in the March 2018 quarter, compared with 4.2% for all age groups.
The NEET rate follows a similar trend to the 15 to 24 year unemployment rate, although at a lower level due to the total number of people in this age group, including people engaged in education and training as well as in employment or unemployed.
Between 2009 and 2013, the NEET rate was at its highest, averaging around 12.5% and peaked at 14%. It declined to around 8% between 2013 and 2016. By June 2017, it had increased to almost 11% in June 2017 before declining again to 9.4% in March 2018.
The NEET rate for 20 to 24 year olds is on average one and a half times that of people between 15 and 19 year of age.
Christchurch's NEET rate for people aged 15-24 years has generally been around 80% of the national NEET rate. However, during the city's peak between 2009 and 2013, the Christchurch rate was at a similar level to the national rate. Christchurch's overall lower NEET rate could be the result of the number of opportunities for tertiary study in the city.