economy
Former leader Ardern has left New Zealand. She’s not the only one
Twenty years of memories spilled across Jacinda Thorn’s yard.
TL;DR
- New Zealand is experiencing a surge in emigration, with a notable increase in individuals aged 30-50 leaving the country.
- Rising living costs and a weakening job market are key drivers behind this exodus.
- Mid-career professionals and retirees are increasingly joining the traditional younger demographic in leaving New Zealand.
- Australia is the primary destination for emigrating Kiwis, offering higher median incomes and lower unemployment rates.
- New Zealand's economy has been stagnant, with negative growth and a decade-high unemployment rate, alongside a crashing housing market.
- The outflow of experienced workers could impact New Zealand's productivity and ability to retain talent.
- While New Zealand still gains more migrants than it loses, the gap is narrowing, leading to slower population growth.