Kiwis investing in SMEs: English
New Zealanders have more money tied up in small businesses than previously thought, Finance Minister Bill English told the Wellington Employers Chamber of Commerce today.
Friday, April 12th 2013, 9:56AM
And that means household balance sheets may not be as heavily reliant on property for savings as previously thought.
A Treasury working paper found $170 billion invested in businesses had not previously been included in official figures on household wealth.
English said New Zealand needed a searching debate on savings habits.
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