Housing and money
Housing and money Tom Huntley

Opinion: Cost of living budget not 'reasonable' calculations

I ALWAYS have a chuckle when I read some authority stating how much the average Aussie needs to earn to live a "reasonable" lifestyle.

The latest figures calculated by researchers at the University of NSW and published in the report New Minimum Income for Healthy Living Budget Standards for Low-Paid and Unemployed Australians states a single adult would require almost $600 a week to have a reasonable standard of living, while a couple with two children would need to spend $1173. Read more here: How much you really need to earn

What do you think of these 'reasonable standard of living' budgets?

This poll ended on 25 August 2017.

Current Results

Reasonable

16%

Moderately reasonable

11%

Not reasonable

27%

Far from reasonable (unrealistic)

44%

This is not a scientific poll. The results reflect only the opinions of those who chose to participate.

I'm sorry, what planet are these researchers living on?

Never mind the fact the researchers themselves live in a much more expensive city than Rockhampton, but $600 a week for a single person anywhere is not going to lead to a "reasonable standard of living".

First, there is rent. Most people I know are pay $150-$200 a week in rent (sharing).

Then there are insurances - car, health, contents - which is about $40 a week.

Groceries are now about $125 per single person a week. Car repayments, fuel and rego are about $120 a week, depending on the car. Gym membership - $15 a week.

Health maintenance (aka medications, prescription glasses, fortnightly massages, physiotherapy, chiropractic, nutritionists, etc) - $80.

That $10 for luxuries such as clothing, hair appointments, coffee on the go, mobile phone, Netflix, broadband and dentists.

Oh wait, I forgot one luxury item - electricity - about $23 a week ($300 a quarter on a shared bill).

Get real researchers.



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