A straight talking tradie has slammed claims that the average Aussie now earns $100,000 a year, but also explained why that isn’t even enough to get by.
Cooper Ward, who has more that 30,000 followers on social media, unleashed his fury at the Australian government in a rant shared on social media.
‘I can guarantee 90 per cent of you watching this aren’t on $100k a year,’ the fired up former carpenter raged.
‘This is the exact problem in Australia. Obviously, we know the cost of living is f***ed and inflation and all that.
‘But the way it’s portrayed on the news and almost like what the government wants us to think is that the wages are increasing too, but they’re not.’
‘Everyone fails to mention those numbers are very misleading – because obviously the top earners in Australia propel that way higher.
The average, full-time salary stood at $102,742 in November, Australian Bureau of Statistics data revealed, but Grattan Institute calculations show 80 per cent of Australians have taxable incomes under $100,409.
The think tank put the typical Aussie full-time salary at $90,416.
A straight talking tradie has hit back at the ‘lie’ that the average Aussie now earns $100,000 a year , but also explained why that isn’t even enough to get by. Stock image
The very small number of high-income earners with taxable incomes of more than $421,936 inflate the average salary.
Nonetheless, someone earning $100,000 would only be able to buy a $650,000 apartment, even with a 20 per cent mortgage deposit, with that budget being insufficient to buy a typical house in Sydney, Melbourne, Brisbane, Perth or Adelaide.
Sydney’s mid-point house price of $1.464million is so expensive it requires a borrower to earn $225,000 a year just to get loan with a 20 per cent deposit, and miners on average salaries of $161,808, for their industry, would still struggle.
An individual on more than $200,000 a year before tax would still be in mortgage stress buying a house in Sydney, paying more than a third of their salary before tax on mortgage repayments.
‘I saw this the other day, that the average income needed to afford a house in Sydney is $250k,’ Mr Ward said.
‘So let’s be real for a second. How many people in Australia are actually earning $100k a year, $2k a week, even though it’s the average?
‘So we’re pretty much just being fed lies to make the situation that Australians are in seem OK. And even then it’s not OK, but that’s not the actual situation we’re in.
‘So we’re actually f***ed. It’s actually cooked for our generation to think like what is it gonna be like in 20 years time?
Mr Ward said ‘the average income needed to afford a house in Sydney is $250k’. Stock image
‘So many people are never going to get into the housing market.
‘Motherf***ers are going to be working til the day they die,’ he raged.
Many commenters agreed with him, with one writing: ‘Brothers got his head screwed on.
Another poster wrote: ‘My advice is get a trade, $3,000 a week I average, and that’s four days off in a fortnight but yes the system is tough.’
Some though, suggested that a lot of people were having a whinge over ‘first world problems’.
‘Wonder how many people complaining about the cost of living crisis still regularly get uber eats, new clothes, go out drinking most weekends, have multiple entertainment stream subscriptions and go on regular holidays. Yet complain about living it tough.
‘First world problems making grown adults carry on like they’re starving. What a joke.’
