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AAP
AAP
Politics
Poppy Johnston

Australians think $345,000 income needed to feel rich

Australians think they need to earn almost five times more than the typical salary to feel wealthy. (Mick Tsikas/AAP PHOTOS)

Australians think they need to be earning almost five times more than the typical salary to feel wealthy as rising consumer prices stretch household budgets thin.

The average person would not consider themselves "rich" unless they were earning more than $345,000 a year - almost five times more than the typical income of more like $70,000 based on Australian Bureau of Statistics data.

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