Earnings Data
Average individual data as reported at November 2022 was
For males were $2,091.20 (public), and $1,874.40 (private).
For females were $1,857.50 (public), and $1,573.00 (private).
From the earlier section we know roughly (7,095,103) were working full-time, (3,962,550) part time, and 2.7mil casually.
Full-time adult average weekly total earnings $1,875.20 (7,095,103 people)
All employees average weekly total earnings $1,376.60 (14,000,000 people roughly)
$ 71,583 annually
Male employees average weekly total earnings 1,618.70
$ 84,172 annually
Female all employees average weekly total earnings 1,144.30
$ 59,504 annually
In June 2022 the average household income was estimated at $91,468.
9News reported that, in 1990 there was an average weekly earnings of $523.60 for an average annual salary of $27,227.
According to data from the Australian Bureau of Statistics, the average household income in Australia in 1989-90 was $38,800 per year. This figure is based on gross household income, which includes income from all sources before taxes and other deductions. We have adopted these figures in our calculations.
According to archived reporting at the ABS for males it was $555.80. For females it was $361.80 and for all persons $470.00 at May 18th 1990. We Have adopted these figures in our calculations.
https://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/6302.0May%201990?OpenDocument
https://aifs.gov.au/sites/default/files/2022-12/2008_AFTN_Income-and-wealth.pdf
Median income
Median personal income in 2020 was $52,338, up 1.8% on 2018-19 - https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/personal-income-australia/2015-16-2019-20
Median employee earnings was $1,250 per week in 2022, up $50 a week (4.2%) since August 2021. Or around 65,178.57 annually.
The median income growth from $62k in 2021 to $65k in 2022 (4.2%) compared to the average cost of debt from 2% to 6% (300%) is the cause of the pain we are experiencing, plus to cost of energy and essential living.