How can we be #1 and #2 in the OECD?
“I saw a graph which alarmed me a few days ago.
Showing NZ and Australia having the highest per capita homeless rates in the OECD.
Hello, I’m Dean Berman from Berman Buys.
Today I want to talk about why headlines can be misleading.
NZ are a bit under 1% of population.
Australia a bit under 0.5% of population.
Compare this to Japan which is at virtually 0% of population.
When you look a little closer you will notice the definitions used are totally different.
There are over 7 categories which can be recorded in the definition.
Australia and NZ record 6 out of 7 categories.
Japan records 1 out of 7 categories.
Who do you think will have the higher number?
If you make the definitions ‘like for like’ then the numbers look much similar.
Australia and NZ also drop dramatically down the rankings from number 1 and 2.
To outside the top 20 and below average rates under 0.1% of population.
The fact that there is any homeless is concerning.
Particularly over 8,000 and 4,000 people living rough.
But at least the we aren’t 1 and 2 in the OECD.
So next time you see a dramatic headline, delve a little deeper because it might prove to be normal.”