According to the 2021 Census, a worker needs make $3,000 per week, or nearly $156,000 per year, to be among the million wealthiest persons in the nation.
That amount is significantly more than the $805 weekly or $41,860 annual middle income for the country.
On Census night in August of last year, 13 million individuals were employed, which meant that one in every 13 employees or self-employed persons made at least $3,000 per week.
The wealthiest income earners in Australia accounted up 7.9% of the labor force but 5.9% of the 17.48 million persons who reported generating an income in the Census. They derived their wealth through wages or investments.
Australia had a total population of 25,422,788 individuals, including children, the old, and welfare recipients. More than half of them were unemployed.
According to figures from the Australian Bureau of Statistics, the average weekly income in the nation was between $1,000 and $1,249. This meant that 1,866,801 persons made between $52,000 and $64,948 annually, placing them in the top half of the pay bracket.