Peter Sutton

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  • in reply to: How much do you have to earn to be considered ‘rich’? #1814402
    Peter Sutton
    Participant

    I once read results of a University research study examining wealth. Those receiving under $100,000 considered it wealthy. Those at $100,000 considered $250,000 as high. Those at that level thought rich was $500,000. Those individuals considered rich as $1,000,000 plus.

    I remember a profile of Michael Edgely from the 1980’s. He stated, “ You are not rich until you have $100Million.

    The reality is that the overwhelming majority are not rich. The median income ( halfway point- half earn above and half below) is $52338 according to ABS at 2022.

    It’s interesting to note the figures.

    Yet,we must also remember wealth inequality is growing within Australia. Extreme examples, but let’s consider Qantas. The Chairman Richard Goyder received a $100,000 pay rise.All directors also received increases in fees. At a time they are imposing a wage freeze.

    Many of our cohort are existing on Jobseeker. A number of reasons including medical conditions, inaccessibility to the Disability Pension, and delayed access to the age pension 67.

    We cannot discuss income, without looking at the other side of the coin.

    Peter Sutton
    Participant

    I have now had my sixth COVID vaccination, I also have a flu shot every year and I am vaccinated for Shingles, Tetanus and other illnesses. I always have the injections in the same arm. That’s my personal preference.

    I think there should be more research. Anything which will give medicine a boost in dealing with diseases should be examined.

    I have been a volunteer for many studies over the years, all of which have strict ethical standards and parameters.

    Having been involved, I trust research.

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