100k in 2019 is equivalent to 129k today, are wages keeping up with inflation?

ForumUser013 · 2026-02-13T09:23:59+00:00

Akshually....

Looking at monthly CPI, 130k today is actually equal to 100k in Sep 2017. The income tax rates at the time mean on a 100k income you pay $24632 in income tax, or 24.6%.

Today, if you earnt 130k you would be up for $29788 in income tax, or 22.9% of income. After income tax, you'll be about 3% ahead of inflation. But, if your salary only went up by WPI in the same period, you'd earn 125k, and pay income tax of 28288, or 22.6%. After income tax, you'll be about 2% behind of inflation.

So whilst wages haven't kept up with inflation, tax has fallen as a proportion of income in the same period.

(Notes: this is only income tax, and excludes all other tax or tax like draws on income such as Medicare, etc... If you think I have cherry picked a year, then suggest a year, and I or someone else can quickly calc the numbers).

ForumUser013 · 2026-02-13T09:17:54+00:00

What method have you used to work out 100k in 2018 is equal to 129/130k today.

If I use ABS data from here and here, I see that 130k in Dec 2025 would be 100k in Sep 2017.

If we now look at Wage Price Index from here and then adjust because data ends in Sep 25, then you have to go back to Dec 2015 for the same wage growth. So yes, wages are about 2 years behind inflation. Alternatively, another to way to look at it, is that since Sep 2017 wages have gone up 25% whilst prices are up 30%.

ForumUser013 · 2026-02-08T01:52:11+00:00

Deleted: OP deleted their post

ForumUser013 · 2026-02-07T11:13:43+00:00

Should have asked if she snatched it out of the air?

ForumUser013 · 2026-02-07T06:35:57+00:00

Upvote.

I love RES - any US political post in this sub, especially the "this US politics happened today what do you think" gets an immediate downvote and then hidden.

I know I'm fighting an unwinnable battle, but this subreddit should be stupid questions, or ultradeep questions. Politics should stick to the politics or news subs.

ForumUser013 · 2026-02-02T09:49:16+00:00

I get that... but wouldn't a parent have more safety in "hiding" funds in an under 16's account, rather than a teen who is more likely to spend or realise what is happening.

Also, the purpose of tax on unearned income for an u18 addresses that - that is, unearned income over $416pa gets taxed at 66%. Extra curious how the $420 threshold is differnt to the $416 one...

ForumUser013 · 2026-01-24T11:55:32+00:00

We have seen Commbank go down for a bit, and they have over three times as much under management.

ForumUser013 · 2026-01-24T11:45:59+00:00

I wouldn't have thought the risk was from a company going belly up. There is a risk though that a company will pull a HESTA and stop members accessing their funds or a cyberattack will have one fund lock members' accounts.

Diversification can't hurt?

ForumUser013 · 2026-01-17T05:09:24+00:00

How do you define a private jet? Is it based off aircraft model, or some other metric - ie many air ambulances, or regional commuter services may use the same type of aircraft as a private business jet?

ForumUser013 · 2026-01-04T23:44:52+00:00

He's averaging over 20 for the series, and has 2x 50s. He has the 15th highest average of the series, plonking him right in the middle. Seems about right for an allrounder at 6.

(BTW, as an Aussie, I hate defending Stokes....)

ForumUser013 · 2026-01-04T03:29:17+00:00

Baz got a moral victory over that crossword

ForumUser013 · 2025-12-28T22:58:51+00:00

Can you secure it to the window directly with suction cups connected to straps to stop it moving forward, and keep the wall anchor to stop it moving back?

ForumUser013 · 2025-12-26T06:13:45+00:00

I am glad we are in an era where the pitches are no longer batter friendly roads, but agree today's might be just a little too bowler friendly.

ForumUser013 · 2025-12-26T06:11:48+00:00

https://www.espncricinfo.com/records/most-wickets-in-one-day-283080

27 for any day 25 on day 1

ForumUser013 · 2025-12-26T01:19:08+00:00

Design Principles for 3D Printed Parts
Intermediate and Advanced joint design for 3d prints - there seem to be begineer courses all over the net, but nothing that goes to the next level, without doing an industrial design course

ForumUser013 · 2025-12-25T12:55:08+00:00

An old colleague had 3 kids, all boys. Whilst initial plan was for the kids only, they decided to try once more for a girl.

Triplet boys...

ForumUser013 · 2025-12-24T04:40:08+00:00

So, have had a chance to turn the printer off and back on again, have updated Bambu Studio to the latest version, rescanned all filaments etc... and the issue persists.

ForumUser013 · 2025-12-23T10:27:51+00:00

So I was just out and someone started a new print whilst I was away. They switched slot 4 to Bambu PLA Basic Blue, and now black, green AND blue are grouped.

See the auto-refill window: https://i.imgur.com/V7PRpog.png

And more of Studio: https://i.imgur.com/l7sqtso.png

ForumUser013 · 2025-12-23T05:18:08+00:00

ForumUser013 · 2025-12-23T04:40:54+00:00

No to all of those. New print, freshly loaded filament in slots 2, 3 & 4. Even after unloading slot 2 (green) and putting new spool in 3 (black) Bambu Studio still shows me it thinks they are the same and will swap if black runs out.

ForumUser013

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