Is The Typical OzBargainer Household Income 300k+

It seems to me the typical OzBargainer has a typical household income of 300k or more… (As suggested by some this is more than the typical reddit income of 200k). Do u also feel the same?

Comments

  • +52 votes

    Poll?… My Answer: No

  • Yes this is the average. Good work !

  • My Answer: No

  • The median income of Australia is 44K.

    The average is 65K (which indicates large wealth inequality in the context of the median).

    • Not sure where you came up with those figures but they are grossly understated.

      • Agreed, no way that’s true

      • +19 votes

        After tax income is much less than gross income.

        The source is possibly the ABS via this news article:How wealthy are you compared with other Australians?

        But of course, households come in different shapes and sizes, so the ABS calculates the “equivalised disposable income” – the household income after tax, but adjusted for the size of the household. The median is $853 a week, or $44,356 a year.

        • disposable income?

          • @Freitag: Yeah. I always thought disposable income was after tax and expenses, not just after tax. I've had it wrong all this time.

            • @Name:

              the ABS calculates the “equivalised disposable income” – the household income after tax, but adjusted for the size of the household

              I think the ABS adjusts for a 'standard expense amount' based on size of household, so that they can come to a statistically relevant "disposable income" figure. I think it is still income - tax - expenses.

      • Average income (GDP per person) includes everyone not working and on welfare etc.
        People talking about after tax income etc are likely comparing wages.
        Since few have more than a full time job, but many have less than a full time job, the average income is much lower that average wage.

    • Got a source?

      • A few paragraphs down in this article

        "But of course, households come in different shapes and sizes, so the ABS calculates the “equivalised disposable income” – the household income after tax, but adjusted for the size of the household. The median is $853 a week, or $44,356 a year"

    • +1 vote

      Er. Thats nonsense.

      ABS 2015-16 census data.

      Mean gross household income per week = 2109 or 109,668

      Gross household income per week at the top of the 40th percentile (just 1 reported household entry below "median" income) = 1258 or 65,416

      Source : http://www.abs.gov.au/AUSSTATS/[email protected]/DetailsPage/6523.020...

      • My household earns much more than just me. How is you quoting a household figure not comparing apples and oranges, and also nonsense?

        • +1 vote

          It was Diji's response to the forum question.

          "It seems to me the typical OzBargainer has a typical household income of 300k or more… (As suggested by some this is more than the typical reddit income of 200k). Do u also feel the same?"

          Is it not fair to interpret Diji's response as addressing this question?

  • 300K? I cant even dream about it. I have taken Sat lotto of 30 Mil prize money today. If I win, probably I might be getting that much if I deposit in a savings bank AC.

  • You can’t be serious. My total household income is 35K. Tough being a single parent without government assistance but we cope.

    • Shouldn't you get family tax benefit parts a and b?

    • How can you earn that little money if you have a job? Even a Mcdonalds worker makes more than that.

      • part time

        • So if you’re only making that much, how about working full time?

          • @Burnertoasty: And then pay about that much (after tax) in childcare costs + having his/her child(ren)'s closes relationship be with random childcare workers?

              • @Burnertoasty: This is funny! If you are going to make a grand, sweeping statement like " You're always going to be better off working and paying for childcare" at least preface it with the word "financially". Instead, its more likely that family life will suffer, the children perhaps grow up feeling emotionally neglected and disconnected, and the children sadly don't/won't receive the correct discipline and training from their parents, even though this responsibility primarily falls squarely on the shoulders of them. Not childcare workers. IMHO.

              • @Burnertoasty: You are incorrect. You are essentially saying that it better for the children to only see their parent after they get back from work or on weekends, during which household chores and shopping need to be done.
                I have worked in this area before, all academic literature shows that part time childcare is optional for the physical and emotional development of children. In the long-term (stop thinking on 3 year cycles like politicians) this pays off for our society as more emotionally developed adults are more likely to be self sufficient, productive, and contributing members of society. This will benefit you in your old age when you need nurses, doctors psychologists, etc to look after you.
                Your general, sweeping statements seem to assume that earning money in the short term should always be the priority, and that everyone can earn salaries similar to what the OP is asking about.

                • @idonotknowwhy: That’s all great, but if you’re living below the poverty line, then all of that doesn’t matter. If you’re looking at statistical indicators, socio economic factors make the biggest impact on childhood development, and the development into an adult.

                  • @Burnertoasty:

                    If you’re looking at statistical indicators, socio economic factors make the biggest impact on childhood development, and the development into an adult.

                    This is speaking generally. Plenty of cases of depression, suicide, drug abuse among adults who grew up in wealthy families.

                    That’s all great, but if you’re living below the poverty line, then all of that doesn’t matter.

                    It matters to these vulnerable families, and there's no reason for society to simply give up on them because it "doesn't matter". Part time childcare is still the most optimal strategy for these children to reach their potential. They might not grow up to be doctors or lawyers (although they might), but with an optimal upbringing, they can still grow up to be emotionally stable, self-sufficient adults who contribute to society.

                    It doesn't have to be all or nothing :)

                    You also need to pay attention to this important part of fiza1981's comment:

                    Tough being a single parent without government assistance but we cope

                    It really is, really really tough being a single parent, in ways that you wouldn't think of without having worked with them (or lived it), but it sounds like they're hanging in there just fine without working fulltime, and aren't asking for anything from anyone.

              • @Burnertoasty: I would be far better off financially if I didn't work at all. That's how messed up our welfare system is. If I sat on my butt all day and did nothing to contribute to society, I'd be sitting pretty. I can't do that. I won't do that. What kind of an example would that be for my kids?

                • @EmCKay: Yep, there are certain circumstances where people would be better off financially not working at all. Good work not falling into the 'welfare trap'.

                  Don't worry about internet comments (mine included), most people who comment on the internet are either hold very extreme views, are trolling (don't think that's the case here), or they lack understanding/knowledge/experience but still think they know better.

                • @EmCKay: I've heard this a million times from people who seek welfare, but as far as I understand it, welfare payments are progressive and income adjusted. At no point should this be the case. It's a common story, but I've never seen the figures to prove this, and I'm not referring to you when I say this, but most people who claim that working is the lesser option are people who are systematic welfare abusers (again, just to reiterate, I'm not referring to you, or targeting you), and are just work shy.

                • @EmCKay: Good on you, and I agree - the welfare system is messed up when it encourages people to bludge. Laziness shouldn't be rewarded like it currently is. Love your attitude, keep it up.

  • I’m sorry, are you hacking the financials of every ozbargainer? Because your software sucks. You don’t have to be rich or poor to value a bargain - its just a question of whether you’re smart or a Harvey Norman shopper…

    • Hey! I got a few good deals on Logitech stuff!

    • +3 votes

      I think Harvey Norman gets way too much flack these days. Yes they have some completely overpriced shit in there but they also have some decent prices and pretty good deals as well.

      • Really ? They don’t heavily feature here plus since the ‘Gerry Tax’ was applied to all my international purchases I (and many others) take my business elsewhere. Hardley Normal is typically a rip-off store.

    • Why not be harney Norman shopper when you have 3 years to wait for bargains with $750 x 3 gift cards!!!

    • Why not be harvey Norman shopper when you have 3 years to wait for bargains with $750 x 3 gift cards!!!

  • If both partners are working in a typical skilled job (e.g. Engineering) then that's about right actually.

    • Only few industries have 150k salary even at senior engineer level, so 150k is definitely not typical. Typical would be about 100 to 120k

      • Not from my experience. Most of us are on 150k+ with about 8-10 years experience which is Senior Engineer level. The demand here has skyrocketed due to all the infrastructure investment planned.

        If you're Senior Engineer or Project/Design Manager and on less than 150k, then it's the perfect time to jump ship and get a better offer.

        Edit: I'll caveat that I speak for Sydney market, no clue about Melbourne.

        • Which engineering discipline?

          • @Caped Baldy: Civils and Structures tend to be higher paid than MEP. Any specialist Engineering discipline such as Signalling, Electrification/Overhead Wiring or Chemical are at the top of the tree.

            • @Hybroid: Yup. Sydney market in particular is crazy. I don't live there (I live in a regional area, not in nsw) but work for a large (50k employees) international organisation that does have staff there.

              I've got 6 years experience in transport modelling (background is civil engineer) and I'm on $120k (increasing by about 10k each year), someone with two years less experience than me in Sydney is on the same salary as me. They keep trying to get me to move to Sydney and are offering me $150k and promotion as an incentive.

              So I think that kind of pay is about right for senior engineers in Sydney, particularly if you have a niche skill.

        • I agree, in IT it's similar. 10-15+ years experience in software development, team lead or project management/management and you are over $150k (gross, Sydney). Everyone i know in this category is on $150k - $200k+.
          Slight caveat, it helps if you're working for a decent sized corporate on corporate systems, or the Govt, who can easily afford those salaries, but that's pretty common.
          And the above is as a full-time employee. As a contractor, add another $50k - $100k to the salary.

          But i really doubt this represents the average OzBargainer (just my own gut feel).

      • Electricians are getting over 150k with OTs, I'd say it is fairly common in contracting, building & construction.

  • +95 votes

    Nice try ATO.

  • +3 votes

    It seems to me the typical OzBargainer has a typical household income of 300k or more…

    What are you basing this on?

  • $300k is probably closer to the average Ozbargain family's net worth then annual household income.

  • +33 votes

    Hi OP.

    I think you typed ozbargain.com.au instead of forums.whirlpool.net.au

  • No way! I make $50,000 less than that a month and I thought I was doing well.

    Sorry, I just realised that's $300,000 per year. I assume that's a bit above what a household of welfare recipients would earn.

    Sorry I have to go, my butler is getting tired typing out all these comments for me. Can anyone recommend one that doesn't get RSI?

    • I recommend getting a mute butler. The RSI may remain, but he won't be able to whine about it - much better.

      I can send you one if you like, I have a spare. Just give me the address of your helipad and I'll crate him up and drone deliver him.

  • +3 votes

    300k+ of eneloops? yeah, that'll be about right

  • …. Sarcasm?

  • -1 vote

    I assume you mean per annum?

  • I wish…. Live within your means.

  • OP is probably trying to turn this into an OzBrag "Well it's typical for ME to have a 300k household income!" Pah-leaaaaassseee

  • If we are here to brag, gloat or lie.. then hell yeah. We are way above this. And that's a single income and my wife earns twice as much as I do..

  • I’ve never seen so many ozbargainers admit they’re not earning 150k+ a year.