Money: Spending then and now
Silver screen:
The number of Australians going to the cinema has fallen over the decade. Maybe price has something to do with it.
In 2000, the most you'd pay for a cinema ticket was $13.50. Today, it's up to $20 in some capital cities. Then add in the popcorn, drinks, choctops...
Who's lovin' it?:
The Economist's BigMac index shows we paid $2.59 for a Big Mac in 2000, compared to $3.45 today. Still tasty though.
Work hard for the money:
We're working harder than ever, but is it worth it? Seems like it - a full-time worker pockets an average of $1197.50 a week today, compared to $772 in 2000.
Black gold:
Fluctuating petrol prices that seem like a rip-off were the scourge of frustrated commuters during the Noughties. And no wonder - the average price of petrol rose from under 90c per litre to around $1.50, and at one point we handed over more than $1.70. And just between us, 38c of that is tax.
Music:
Back in 2000, most of us wouldn't hesitate to fork over $30 for a CD. Now, we're more likely to pay around $10 for a CD or $1.62 for just our favourite song on iTunes.
Tax and spend:
When the Noughties dawned, a worker earning $50,001 was in the 47 per cent tax bracket. That's been bumped back repeatedly over the decade so the same wage today hits a 30 per cent tax rate. Today's top rate of 45 per cent doesn't kick in until you hit $180,000.
Staying healthy:
The proportion of people with general private health insurance rose from 39 per cent at the start of the Noughties to more than 51 per cent today. That usually won't cover a trip to the GP though - where we pay an average of $62 and get $33.55 back from Medicare.
Building wealth:
The nation's average house price in March 2000 was $221,300. The Real Estate Institute's latest available data this year put the national average house price at $446,400.
Share the wealth:
The value of the shares on the All Ordinaries index 10 years ago was around half of what it is today, according to Standard & Poor's data. S&P says the value of the index at the end of 1999 was around $546 billion. Today it is around $1.27 trillion.
Silver screen:
The number of Australians going to the cinema has fallen over the decade. Maybe price has something to do with it.
In 2000, the most you'd pay for a cinema ticket was $13.50. Today, it's up to $20 in some capital cities. Then add in the popcorn, drinks, choctops...
Who's lovin' it?:
The Economist's BigMac index shows we paid $2.59 for a Big Mac in 2000, compared to $3.45 today. Still tasty though.
Work hard for the money:
We're working harder than ever, but is it worth it? Seems like it - a full-time worker pockets an average of $1197.50 a week today, compared to $772 in 2000.
Black gold:
Fluctuating petrol prices that seem like a rip-off were the scourge of frustrated commuters during the Noughties. And no wonder - the average price of petrol rose from under 90c per litre to around $1.50, and at one point we handed over more than $1.70. And just between us, 38c of that is tax.
Music:
Back in 2000, most of us wouldn't hesitate to fork over $30 for a CD. Now, we're more likely to pay around $10 for a CD or $1.62 for just our favourite song on iTunes.
Tax and spend:
When the Noughties dawned, a worker earning $50,001 was in the 47 per cent tax bracket. That's been bumped back repeatedly over the decade so the same wage today hits a 30 per cent tax rate. Today's top rate of 45 per cent doesn't kick in until you hit $180,000.
Staying healthy:
The proportion of people with general private health insurance rose from 39 per cent at the start of the Noughties to more than 51 per cent today. That usually won't cover a trip to the GP though - where we pay an average of $62 and get $33.55 back from Medicare.
Building wealth:
The nation's average house price in March 2000 was $221,300. The Real Estate Institute's latest available data this year put the national average house price at $446,400.
Share the wealth:
The value of the shares on the All Ordinaries index 10 years ago was around half of what it is today, according to Standard & Poor's data. S&P says the value of the index at the end of 1999 was around $546 billion. Today it is around $1.27 trillion.
Who wants to be a millionaire?:
Plenty of us, it seems. Excluding the family home, the number of Australian millionaires hovered just under 100,000 a decade ago, then swelled to a peak of 168,000 in 2007 as we became one of the top 10 richest countries. The GFC put a stop to that, with a plunging share market taking the number of millionaires to 129,200 last year. But don't feel too bad - the average Aussie millionaire has about $4 million socked away.
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