New data has revealed what salary puts you in the top 2 per cent of earners and what the average Aussie takes home. Are you well off?
If you ask our political leaders, chances are they’ll offer up a figure that’s vastly higher than what you consider to be run-of-the-mill – and probably much more than you earn.
“And for a period of time, many of these workers they’ll go out and work on the mines. It’s hard work, you’re away from your families. It’s fly-in and it’s fly-out. And you do earn a bit more when you’re doing that,” he said. Despite the claims from our political leaders, earning $200,000 or more is rare – just 2 per cent of people required to pay tax earn more than that.
“They can con us that most of us will be better off, and those on high incomes can con themselves they are not already better off.”Scott Morrison reckons an annual salary of $180,000 doesn’t make you rich – maybe because he earns $550,000 a year. Picture: Getty ImagesAnthony Albanese has similar views about what makes someone a high income earner. He pockets $390,000 a year, by the way.
For the record, Mr Morrison pockets $550,000 a year – he’s the fifth highest-paid world leader, behind Singapore, Hong Kong, USA and Germany – and Mr Albanese takes home $390,000 a year.Associate Professor Bruce Bradbury from the Social Policy Research Centre at UNSW said most Australians believe they’re ‘middle income’ when they’re really anything but.
“This discrepancy between perceptions and reality arises because many people don’t work full-time, average wages are greater than median wages and many households, particularly the retired, don’t have any people with earnings.” That strong rise is being experienced across the board, both in regional and metropolitan areas, and in every state and territory.
Resource giants BHP and Rio Tinto, where many superannuation funds park a portion of their members’ nest eggs, have jumped 28.5 per cent and 22.4 per cent respectively.
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