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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

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suicide_circus

Net pay =/= disposable income

2nd Row Donkey

I wouldn't worry too much about 'averages'.

As my old teacher once said :

"If your arse is in the freezer and your head is in the oven, then on average you're comfortably warm'

He also said people drink too much water and don't eat enough fat. But that's for another day...

Frank Lee Midere

suicide_circus wrote: »

Net pay =/= disposable income

No. But they are talking about net pay here. One thing I am certain of is that the median pay is nowhere near 63k a year.

Sugar Free

suicide_circus wrote: »

Net pay =/= disposable income

Exactly, 41K (790*52) per annum disposable income would be very nice indeed.

[Deleted User]

ScumLord wrote: »

. With so many people desperate for work I don't see why wages are so high,

Correct me if I'm wrong but I read this to mean that people who are working should earn less because others are out of work. This is a ridiculous outlook imo.

ScumLord wrote: »

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.

I think the lack of jobs is in certain very specific areas and in general the lack of jobs is at least somewhat exaggerated in the media etc.

Take the group of friends I have known since the end of school/start of college. There would be about 20 of us and to be honest only one or two have been out of work and even that wasn't for long (and they worked in construction). We are almost all in different sectors, different levels of education, mixture of private/public sector and none are out of work. Age group late 20's to early 30's.

I should add, only one is working abroad and most are outside Dublin.

Plazaman

SEPT 23 1989 wrote: »

i would like to see the private sector average

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

What am I missing here, I've read the article three times and neither Public Sector or Private Sector is mentioned once in it, yet the thread is now Public Vs Private. Ye'll get tired easily now if ye don't stop jumping to conclusions.

Drakares

What a retarded and utterly useless survey with an age range that wide.

If two 49 year old bank managers are earning 100k each, and the two 25 year olds are earning a mere 25k each, the average is €62,500.. Sher what are the young lads complaining about they're loaded!

Maximus Alexander

suicide_circus wrote: »

Net pay =/= disposable income

Frank Lee Midere wrote: »

No. But they are talking about net pay here. One thing I am certain of is that the median pay is nowhere near 63k a year.

Sugar Free wrote: »

Exactly, 41K (790*52) per annum disposable income would be very nice indeed.

Are you guys confusing disposable income with discretionary income?

Net pay is the same thing as disposable income.

donegal__road

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

anyone that believes all that they read in the Indo gets what they deserve..

They shouldn't be allowed to print this kind of sensationalist rubbish... but who is to stop them I suppose.

Geuze

Household income data 2012

http://www.cso.ie/en/media/csoie/releasespublications/documents/silc/2012/silc_2012.pdf

Mean gross household income = 52,265
Mean disposable hh income = 40,505

Median gross household income = 37,395
Median disp household income = 33,113

See table 4 of the SILC.

Riskymove

donegal__road wrote: »

anyone that believes all that they read in the Indo gets what they deserve..

I agree

They shouldn't be allowed to print this kind of sensationalist rubbish... but who is to stop them I suppose.

funny that when they publish this stuff about PS people are all too ready to accept!!

Frank Lee Midere

Maximus Alexander wrote: »

Are you guys confusing disposable income with discretionary income?

Net pay is the same thing as disposable income.

That's right but not how it is commonly used. Most people don't think that rent is discretionary.

Sugar Free

Maximus Alexander wrote: »

Are you guys confusing disposable income with discretionary income?

Net pay is the same thing as disposable income.

Quite possibly. Like I said, I wasn't aware of the technical definition of disposable income...now I am

Riskymove

Frank Lee Midere wrote: »

Most people don't think that rent is discretionary.

rent or paying for shelter is not usually discretionary

but the amount and type of accommodation etc is

Barely There

donegal__road wrote: »

anyone that believes all that they read in the Indo gets what they deserve..

They shouldn't be allowed to print this kind of sensationalist rubbish... but who is to stop them I suppose.

What, that CARDI have published a report?

Yeah - down with the Indo!
There's probably no such thing as CARDI!

Geuze

Weekly disp income data per household 2012

Mean = 779 pw

Median = 637 pw

smelly sock

I am 30,

In the Public service and mine take home after all of the deductions is 530 per week.

If anyone can find me a 30 year old in the public service on 63,000 per year I'd like to see.

ohbygod

Was this survey done on people that work in the public sector? Im in my late 20s i only earn €450 pw

Riskymove

smelly sock wrote: »

If anyone can find me a 30 year old in the public service on 63,000 per year I'd like to see.

I know a few

I know many more on a lot less

we are talking about an AVERAGE

These kind of discussions go on all the time on the economy threads and its clear that the biggest issue to the debates is the failure to grasp what an average figure is

There will be many people (indeed in many cases the majority) earning less than the average and many earning more

ScumLord

Abigail Happy Volt wrote: »

Correct me if I'm wrong but I read this to mean that people who are working should earn less because others are out of work. This is a ridiculous outlook imo.

It is pretty ridiculous you could come to that conclusion from reading my sentence, yes.

Take the group of friends I have known since the end of school/start of college. There would be about 20 of us and to be honest only one or two have been out of work and even that wasn't for long (and they worked in construction).

I'm talking about an entire town, 900 people. Now this was a construction town, so the rug got pulled from under it and a huge chunk of the towns population ended up unemployed around the same time. The only ones who stayed in the trade had to leave for places like eastern europe, apparently we do have very highly skilled machine drivers that are in demand around the world. But it's a case of a guy leaving his family behind working on one construction project for 6 months, coming back for a month and heading to another country for another 6 months.

The ones who want to stay have no work, during the boom all the money did was keep a load of pubs afloat, there's little to no other trades for these guys to go into unless they want to gamble on opening their own business.

smelly sock

ohbygod wrote: »

Was this survey done on people that work in the public sector? Im in my late 20s i only earn €450 pw

Or perhaps the indo have as usual, picked the officers from the upper tier of the PS who earn crazy money, and then they launched all of us Public sector workers in to the same bracket.

Geuze

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

Here is the CARDI research:

http://www.cardi.ie/publications/summaryunderstandingsocioeconomicinequalitiesaffectingolderpeople

http://www.cardi.ie/publications/wealthofolderpeopleinirelandsummary

Shooosh

smelly sock wrote: »

I am 30,

In the Public service and mine take home after all of the deductions is 530 per week.

If anyone can find me a 30 year old in the public service on 63,000 per year I'd like to see.

That's not that much, a 28 year old in my time is on 65k and that's the private sector.

Geuze

http://www.cardi.ie/sites/default/files/publications/cardi-WealthReport-FINAL-lores.pdf

Here is the report, I think.

smelly sock

ScumLord wrote: »

It is pretty ridiculous you could come to that conclusion from reading my sentence, yes.

I'm talking about an entire town, 900 people. Now this was a construction town, so the rug got pulled from under it and a huge chunk of the towns population ended up unemployed around the same time. The only ones who stayed in the trade had to leave for places like eastern europe, apparently we do have very highly skilled machine drivers that are in demand around the world. But it's a case of a guy leaving his family behind working on one construction project for 6 months, coming back for a month and heading to another country for another 6 months.

The ones who want to stay have no work, during the boom all the money did was keep a load of pubs afloat, there's little to no other trades for these guys to go into unless they want to gamble on opening their own business.

It really is their own fault for spending, what can only be described as silly salaries in the pub in the good times. No sympathy for them. And I can guarantee that when the boom kicks off again they will make exactly the same mistakes again.

ScumLord

smelly sock wrote: »

It really is their own fault for spending, what can only be described as silly salaries in the pub in the good times. No sympathy for them.

I can see your point but these were people that had their own businesses to run so it's not like they needed to start up any other business that wouldn't even be as profitable as the building work they're doing. everyone at the time was encouraged to invest in houses, there wasn't really any great pushes to start a business that wasn't somehow related to construction.

And I can guarantee that when the boom kicks off again they will make exactly the same mistakes again.

What makes you think there will be another boom?

Umadbrah?

Tbh I don't know how someone could survive let alone "get by" on only €790 a week

Penny Tration

Jesus. I get about 250 per week

tobsey

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.

We haven't been in a recession since 2011. While we are still a distance behind where we were in 2007 the economy is growing, slowly. There are still a lot of sectors for which skilled employees are in high demand and when that happens you get high wages. IT and pharma are the obvious ones, but also any professions that weren't dependent on property/construction will still have strong incomes.

IT is a massive industry in this country and I haven't heard of any wage cuts in the sector. Maybe pay freezes, but not cuts.

Tarzana

Iwasfrozen wrote: »

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

You're joking, right? An insult to anyone struggling to find work.