>What about spending per household on yachts?
>
>Yeah, that's a serious question. NZ has, by far, the highest per capita
>rate of recreational boat ownership. Boat ownership in NZ is certainly not
>limited to the wealthy, moreover, and extends to a large percentage of
>working class families.
Both australia and NZ are outdoor places and aquatic. but jerry, there is a
significant difference b/tw a 60 metre america's cup boat that hangs around the
wealthy moorings in wellington or auckland, and the working class "mirror" which
dad and mum tow behind there clapped out sedan to the beach in summer.
it is hardly a sign of wealth to own a little skiff or dinghy like a mirror.
kind regards
bill
--
#### ## William F. Mitchell
####### #### Head of Economics Department
################# University of Newcastle
#################### New South Wales, Australia
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## http://econ-www.newcastle.edu.au/~bill/billyhp.html
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