Research commissioned by Te Ara Ahunga Ora for the 2022 RRIP and undertaken by Ministry for Pacific Peoples found that better housing solutions and financial education are the key to improving the wellbeing of Pacific Peoples in retirement.
The RRIP recommendations reflect this research and are focused on developing stronger pathways to home ownership through structured financial capability programmes.
Financial institutions are also encouraged to actively consider a collective approach to borrowing – which will benefit Pacific families seeking intergenerational housing options.
As of the 2018 Census, 381,642 people from over thirty distinct Pacific groups lived in New Zealand (59.4% identify with one Pacific Peoples ethnicity only), 49.9% were female (50.1% male) (Stats.NZ).
Two thirds (66%) of those who identify as Pacific Peoples were born in New Zealand, representing an increase from 60% in 2006 (Stats.NZ).
The Pacific Peoples population in New Zealand is comparatively young, with a median age of 23.4 years in 2018. Estimated life expectancy for males at birth is 75.9 and for females is 80.2 years. Only five percent of Pacific Peoples are aged 65 years or older and this is mainly made up of females who were typically born overseas (Pacific Aotearoa Status Report: A Snapshot 2020 (Ministry for Pacific Peoples).
For Pacific Peoples, the median weekly wage as of June 2021 is $959, with women earning $863 and men earning $1,020. With a median yearly income of $24,300 for Pacific People, this is lower than the overall Aotearoa New Zealand median income of $31,800. However, employment rates are increasing, growing by 20,600 people over the year to June 2021. The labour force participation rate increased to 66.2%, up from 64% in June 2020 (MBIE).
Homeownership among Pacific Peoples in New Zealand is the lowest among the recorded ethnicities (21% own or partly own a home as of 2018, compared to 52% for Aotearoa New Zealand overall) (Pacific Aotearoa Status Report: A Snapshot 2020 (Ministry for Pacific Peoples).
Find data for and about Pacific people in Aotearoa: Financial Capability in NZ: Focus on Pacific People.