๐ฆ๐ฎ๐น๐ฎ๐ฟ๐ถ๐ฒ๐ ๐๐ฝ๐ฝ๐ฟ๐ผ๐ฎ๐ฐ๐ต๐ถ๐ป๐ด $๐ญ๐ฌ๐ฌ๐ธ ๐ ๐ฎ๐ฟ๐ธ
How much money does an average full-time worker earn?
The average ordinary-time earnings (i.e. excluding overtime and bonuses) for a full-time worker was $1,838.10 per week in May, according to the latest data from the Australian Bureau of Statistics. That equates to $95,581.20 per year.
As the graph shows, earnings tend to increase over the long-term. But so does inflation. For workers to get richer, wages have to increase faster than prices.
Unfortunately, that has not happened recently. Earnings increased 3.9% over the year to May, but inflation was 5.6% during the same period.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
