amazing, this study debunks the bears constant whinge about wages not keeping pace with house prices
warning, it is an old report, from earlier this year
but its about the only one that I have seen that spells out the truth about the increases in salary
extract......
We have had a massive boost in our incomes over the past 15 years, particularly after 2003," Whiteford says. "From 2003 to 2007, just about all income groups saw incomes increase by more than 25% after inflation. But if you were in the top 10% of households, your real income increased by 40%, which is incredible."
http://knowledge.asb.unsw.edu.au/article.cfm?articleid=1535
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- so incomes increased by 25% after inflation
so incomes increased by 25% after inflation
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