Average take home pay of 25-49 year olds in Ireland is €790!!!???

ongarboy

Surely this can't be correct per the Indo article today. The average take home disposable income after tax/prsi is paid is €790 per week for Irish workers aged between 25 and 49. That would mean their gross wage (for a single person) would have to be €63,000 a year. Are average salaries really that high for that age bracket?? The same survey says 16-24 year olds take home €418. Who says Ireland is suffering??!!

http://www.independent.ie/business/personal-finance/majority-of-over-50s-have-house-paid-off-and-cash-in-the-bank-30348393.html

Iwasfrozen

Sounds about right. Ireland isn't suffering. People just like a good whinge.

gerbilgranny

Perhaps a few mega-rich 25-49 year olds are causing the average to be so high?

SEPT 23 1989

i would like to see the private sector average

Paddy Cow

There was a thread on here at one stage asking if €700 was a good take home wage and it was amazing the amount of people who wouldn't be able to live on that.

Alf. A. Male

I think you misread it and it meant if you add the wages of 25 fourtynine year olds together you get that wage, they're actually averaging €31.60 each per week.

(I'm in that bracket and I have no problem believing this to be the average)

jamo2oo9

ongarboy wrote: »

Surely this can't be correct per the Indo article today. The average take home disposable income after tax/prsi is paid is €790 per week for Irish workers aged between 25 and 49. That would mean their gross wage (for a single person) would have to be €63,000 a year. Are average salaries really that high for that age bracket?? The same survey says 16-24 year olds take home €418. Who says Ireland is suffering??!!

http://www.independent.ie/business/personal-finance/majority-of-over-50s-have-house-paid-off-and-cash-in-the-bank-30348393.html

418 in my hole hah! Wouldn't see that sort of shít in years and I'm 19!

ongarboy

It's just when you see jobs advertised (eg retail managers managing 20+ people etc) with a salary barely scraping 30k if that, you wonder how well people are being paid in the real world. Even well paying IFSC/finance companies, you'd have to be working a lot of years and various promotions to start getting that sort of take home pay.

Renegade Mechanic

Iwasfrozen wrote: »

Sounds about right. Dublin isn't suffering. People just like a good whinge.

FYP there. No way is that an average take home pay anywhere else and tbh I doubt its even that good in the capital.

TheChizler

The average really isn't a good measure when you want to know the typical anything. Very easily skewed by numbers in the higher end of the scale.

They hardly state the median wage?

sbsquarepants

They mean per annum, after all the new taxes and charges are taken out.

The Backwards Man

Paddy Cow wrote: »

There was a thread on here at one stage asking if €700 was a good take home wage and it was amazing the amount of people who wouldn't be able to live on that.

It's amazing what you can need to live on if you get used to it coming in.

I was taking home three times as much ten years ago as I am now, probably better off now though when all is said and done.

suicide_circus

€790 per week disposable....
lol

judgefudge

I'm 26 and nobody I know is on that wage. It would be interesting to see what people age 20-30 earn. 25-49 is quite a big span of people

ongarboy

suicide_circus wrote: »

€790 per week disposable....
lol

I know...I thought disposable meant after you had paid absolute essentials such as mortgage/rent/heat/electricity etc.

sbsquarepants

Iwasfrozen wrote: »

Sounds about right. Ireland isn't suffering. People just like a good whinge.

Jesus, when were you frozen? I'm assuming you were just defrosted this morning:D

superman28

This can't be right? This is more than double my pathetic private sector salary and I am 32.. on a side note,, why do we insist on paying universal benefits to high earners.. child allowance,, now free health care for under 6 year olds?

Anyone moaning on 63k should get the boat!!

Cuddlesworth

ongarboy wrote: »

It's just when you see jobs advertised (eg retail managers managing 20+ people etc) with a salary barely scraping 30k if that, you wonder how well people are being paid in the real world.

Whats so special about a retail manager that requires a higher salary?

leonidas83

Average weekly earnings in the public sector in 2013 were €916 compared to €607 in the private sector.

Sounds about right. Doesn't mean it is right though

Barely There

superman28 wrote: »

This can't be right? This is more than double my pathetic private sector salary and I am 32..

I think we have conclusive proof here.

Scrap the research findings - they could have saved loads of time by just asking you.

sbsquarepants

The Backwards Man wrote: »

I was taking home three times as much ten years ago as I am now, probably better off now though when all is said and done.

Ok, this is gonna take a bit of explaining. You are better off now, even though your wages are down 66%. I'm down about 25% and it's killing me!

Gongoozler

Was wondering how long it would take before it'd be about public vs private.

I'm 30, public sector, and take home 350 a week. I'd fcuking cream myself if I was to get even 500 a week.

tobsey

leonidas83 wrote: »

Average weekly earnings in the public sector in 2013 were €916 compared to €607 in the private sector.

Sounds about right. Doesn't mean it is right though

Private sector has a much larger proportion of part time workers. Also public sector has virtually no people on the minimum wage whereas a lot of the private sector would be on or close to minimum wage.

You can't compare two groups like that when there are massive differences between the top and bottom in each. What proportion of the top 1000 earners were in the public sector I wonder?

Tiddlypeeps

I'm 26 and my take home pay is only €100 per week less than that, I know lots of others on a good bit more so I think those numbers are fairly believable.

I don't think that's a high wage, if my partner didn't also work we would manage but it would be far from comfortable, if we had kids it would be a serious struggle, especially living in Dublin.

Chips Lovell

leonidas83 wrote: »

Average weekly earnings in the public sector in 2013 were €916 compared to €607 in the private sector.

Sounds about right. Doesn't mean it is right though

You're not comparing like with like though. Nobody's flipping burgers in the public sector.

Ray Palmer

The age range is very large at 25-49. No where near it at 25 but at 40 well above it so averaging it out would be right

miss no stars

ongarboy wrote: »

Surely this can't be correct per the Indo article today. The average take home disposable income after tax/prsi is paid is €790 per week for Irish workers aged between 25 and 49. That would mean their gross wage (for a single person) would have to be €63,000 a year. Are average salaries really that high for that age bracket?? The same survey says 16-24 year olds take home €418. Who says Ireland is suffering??!!

http://www.independent.ie/business/personal-finance/majority-of-over-50s-have-house-paid-off-and-cash-in-the-bank-30348393.html

The reason it seems bizarre is because they took a bizarre age groupings and presented the information oddly.

I'll admit that I haven't read the article, but I'd be guessing they're also looking at 25-49 year olds, and 16-24 year olds, who are working full time.

So if you take the younger group, you have to account for the fact that most people under 21 are not working full-time - they're generally in full-time education or training. That leaves 21-24 as approximately the real age group, which means that graduates and workers, with say 3 years unskilled experience, are on €400 or so a week for full-time. That's a pittance. And when you account for the fact that at that level of pay very little tax is paid so that's near enough what they're grossing. That's BARELY enough to live off in a house share in Dublin. Barely enough. Be clear that that is NOT what 16 year olds are taking home from their 10 hours work in the local shop at the end of the week.

Then take the older group. 25-49? Seriously? That literally spans from people in entry level graduate positions to people who are highly senior in their career. There is not a damned thing that can be realistically taken from that figure other than "some people are working". You could infer, if you wanted to, that anyone aged 25-early 30's who's working here is in a decent enough position to make it more worthwhile to stay rather than to emigrate, so there's a bit of a skew in there at the lower end because so so many people in their 20s are just gone. Of my graduating class (40 or so) I think there are maybe 5 of us still in the country - but they're all on holidays, right? cos they went on working holiday visas to oz :rolleyes:

fricatus

Oscar Gateaux wrote: »

You're not comparing like with like though. Nobody's flipping burgers in the public sector.

Nobody's sweeping the streets in the private sector either.

Chips Lovell

Yes. The point though was you're not comparing like with like. It was admittedly, a rather glib way of pointing that out.

leonidas83

Oscar Gateaux wrote: »

You're not comparing like with like though. Nobody's flipping burgers in the public sector.

There's plenty of people in there doing f**K all though on nice salaries, eating up a large part of the budget, contributing to the high taxes in this country which stunt investment.

Without the private sector, there is no public sector

A government party that cuts the public sector, cuts their wages substantially, reduces income tax & taxes on SME's has my vote. Unfortunately, I'm unlikely to see a party in Ireland with the backbone needed to implement something like this in the near future.

Chips Lovell

I don't know, I reckon you could squeeze a few more clichés about public sector workers in there if you tried harder.

bear1

Alf. A. Male wrote: »

I think you misread it and it meant if you add the wages of 25 fourtynine year olds together you get that wage, they're actually averaging €31.60 each per week.

(I'm in that bracket and I have no problem believing this to be the average)

Errr? We aren't Moldova.
How did you come to the conslusion that the average wage per person in that bracket earns 31.60e per week?
By your calculations that means the average monthly salary in that bracket is 126,4e and thats 1.516,8e per year.
And you think the OP misread it?

Maximus Alexander

I'm 28 and I'd be near the upper end in terms of earnings among my friends in my age group, who are all degree educated, and I'm not on that. But then that age grouping spans 24 years. I'd have to assume I'll be earning more money in, say, 15 years.

SnakePlissken

leonidas83 wrote: »

Without the private sector, there is no public sector

And without the Public Sector there is no Private Sector, so what exactly is your point?

The Backwards Man

sbsquarepants wrote: »

Ok, this is gonna take a bit of explaining. You are better off now, even though your wages are down 66%. I'm down about 25% and it's killing me!

I had a mortgage, a massive car loan, three figure phone bill and I pissed a fortune up against the wall.

Now house is payed for, pay for cars up front, phone bill is low two figures and I only piss a small fortune against the wall.

Alf. A. Male

Alf. A. Male wrote: »

I think you misread it and it meant if you add the wages of 25 fourtynine year olds together you get that wage, they're actually averaging €31.60 each per week.

(I'm in that bracket and I have no problem believing this to be the average)

bear1 wrote: »

Errr? We aren't Moldova.
How did you come to the conslusion that the average wage per person in that bracket earns 31.60e per week?
By your calculations that means the average monthly salary in that bracket is 126,4e and thats 1.516,8e per year.
And you think the OP misread it?

In Moldova would they get jokes?

The_Captain

I don't see what the big deal is, my take home pay is about twice that.








I get paid monthly but...

ScumLord

I'd have trouble convincing my boss to pay me a wage that high and I'm self employed.

This is why I don't read any papers anymore, I just don't trust them at all.

Maximus Alexander

Actually the more I think about it... I expect there are plenty of people under, say 35, who are on about what I'm on. And I'd find it easy to believe that there are about the same number of people over 40 who are on (€790pw + (€790 - [my take home])). So it doesn't sound that mad after all.

bear1

Alf. A. Male wrote: »

In Moldova would they get jokes?

My mistake, thought it was serious. Having a crappy day
Carry on

vamos!

SEPT 23 1989 wrote: »

i would like to see the private sector average

I'm public sector and in that age bracket. I take home about a fifth less than the average given. There must be people on incredible salaries pushing the average up.

Sugar Free

Why anyone thinks 63K is a huge wage for someone with 10+ years of experience is beyond me.

Granted if the same average was given for a 25-30 or even 25-35 age bracket I would be suspicous but as it is, I am not in any way surprised.

Edit: Article is a bit misleading with its use of 'Disposable income'. 790E a week after taxes but before other necessary bills such as food, internet etc. is not the same as truly disposable income to my mind. That said I'm not aware of the official definition, if such a definition exists.

Ray Palmer

leonidas83 wrote: »

There's plenty of people in there doing f**K all though on nice salaries, eating up a large part of the budget, contributing to the high taxes in this country which stunt investment.

I would love to hear who you think is doing nothing in the public sector? We'll exclude politicians as they are not quite civil servants the same way a MD of a private company isn't the same as a paye worker.

jimgoose

That is an utterly ludicrous age range to use for a sample like this, starting as it does with youngsters barely out of college and going all the way to jaded oul' war-horses who've been round the block a few times. An average coming out of that is about as informative as tits on a bull, and not quite as useful.

FearDark

I haven't earned that much in Ireland since the boom years.

Alf. A. Male

vamos! wrote: »

I'm public sector and in that age bracket. I take home about a fifth less than the average given. There must be people on incredible salaries pushing the average up.

But you being a fifth under the average only needs one person a fith above the average to balance it and so on, no incredible salry required to balance you out.

wexie

ongarboy wrote: »

Surely this can't be correct per the Indo article today. The average take home disposable income after tax/prsi is paid is €790 per week for Irish workers aged between 25 and 49. That would mean their gross wage (for a single person) would have to be €63,000 a year. Are average salaries really that high for that age bracket?? The same survey says 16-24 year olds take home €418. Who says Ireland is suffering??!!

Yes....and if you stuck your head in the oven and your feet in the freezer on AVERAGE you'll be comfortable.....

ScumLord

Maximus Alexander wrote: »

Actually the more I think about it... I expect there are plenty of people under, say 35, who are on about what I'm on. And I'd find it easy to believe that there are about the same number of people over 40 who are on (€790pw + (€790 - [my take home])). So it doesn't sound that mad after all.

A lot of people I know simply can't find work, but I suppose they don't make the list. With so many people desperate for work I don't see why wages are so high, a lot of places went on 3 day weeks and reduced wages across the board.

That the average wage during a recession is so high seems incredible to me. Maybe it's a city country divide and everyone in Dublin is in a high wage job that can counter all the people in the country that can't get work. I'd like to see where they got their information from.

Maximus Alexander

wexie wrote: »

Yes....and if you stuck your head in the oven and your feet in the freezer on AVERAGE you'll be comfortable.....

Only if the oven temperature was set to ~57°C.

</pedant>

Cantona's Collars

FearDark wrote: »

I haven't earned that much in Ireland since the boom years.

+1

Anybody I know is just glad to have a bit of work never mind bringing in €790 a week after tax.

With record unemployment and the sham of Jobbridge these figures are very misleading,they must have taken a sample from a certain demographic and included the wages of very high earners in banking etc. in order to arrive at these figures.

Only the other evening Matt Cooper was discussing the fact that highly qualified graduates were struggling to attain earnings of €20k a year.

Maximus Alexander

ScumLord wrote: »

A lot of people I know simply can't find work, but I suppose they don't make the list. With so many people desperate for work I don't see why wages are so high, a lot of places went on 3 day weeks and reduced wages across the board.

That the average wage during a recession is so high seems incredible to me. Maybe it's a city country divide and everyone in Dublin is in a high wage job that can counter all the people in the country that can't get work. I'd like to see where they got their information from.

Yeah that's often a problem with these types of articles, they don't provide any sort of breakdown of the data to allow you to take real meaning from it.

To clarify, I am in Dublin. Salaries are higher I have no doubt, but keeping a roof over your head is so ridiculously expensive that it doesn't translate to a better standard of living.